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JA Solar Repays $119 Million of Convertible Notes Due May 2013

published: 2013-05-17 14:27

JA Solar Holdings Co., Ltd., one of the world's largest manufacturers of high-performance solar power products, today announced that it has repaid at maturity the $119 million of principal amount and accrued interest of its 4.5% convertible notes due May 15, 2013.

"JA Solar is committed to meeting all of our debt obligations and managing our balance sheet prudently to protect the interests of our stakeholders," said Mr. Baofang Jin, executive chairman and CEO of JA Solar. "The successful repayment of these convertible notes is a testament to our solid business execution and financial strength. While market condition remains challenging, we are confident that JA Solar's combination of industry-leading high-performance products and stringent financial management will make us a long-term winner in the global solar industry."

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