, China

JinkoSolar subsidiary to issue $1.5b convertible bonds

Proceeds will serve as Jiangxi Jinko’s working capital, amongst others.

Jiangxi Jinko, a majority-owned principal operating subsidiary of JinkoSolar Holding, is planning to issue around $1.5b (RMB10b) convertible bonds to be listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board.

In a statement, JinkoSolar said the bonds have a six-year term and are convertible into Jiangxi Jinko’s ordinary shares.

Net proceeds will be used for the construction and development of solar cell and module production projects and as working capital.

READ MORE: Keppel Infrastructure, Jinko Power ink deal to explore solar farm, energy storage investment

JinkoSolar said the completion of the proposed issuance is subject to review by the Shanghai Stock Exchange and registration by the China Securities Regulatory Commission.

It has a 58.62% equity interest in Jiangxi Jinko and holds special preemptive rights to subscribe to a portion of the proposed bonds.

$1 = RMB6.75

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Could coal-based power still get funding
Asian markets have increased coal output to meet energy demand.
Indonesia’s new regulation speeds up energy transitions
The government has issued Presidential Regulation No. 112 of 2022 to limit the coal-fired power plants and gradually reduce coal consumption.