Yingli Green Energy Holding Co., Ltd (YGE.NYSE), one of the world's leading solar panel manufacturers in China, announced on Wednesday that it failed to fully repay 1 billion yuan of bonds due on Tuesday.
According to the company, the interest and principal payable of the bond offering totals 1.057 billion yuan. Due to consecutive losses, the company is unable to use its own money to make debt payment. It has repaid investors 700 million yuan up to now.
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