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LDK Solar Co Ltd

  • Shanghai Chaori Solar Energy Science and Technology Co Ltd failed last Friday to pay an 89 million yuan interest payment on a 1- billion-yuan, five-year bond it issued in 2012.. "The marketisation of defaults constitutes progress," said Chen Dongming, chief credit officer at China Lianhe Rating Co Ltd in Beijing.

  • *Default positive for rational risk pricing in China- analysts. The warning by Shanghai Chaori Solar Energy Science and Technology Co Ltd highlights rising credit risk in China, where a massive run-up in corporate debt since 2008- and overcapacity in sectors such as steel, coal and solar- have threatened the solvency of many borrowers.

  • *Default would be first-ever in China's domestic bond market. The warning by Shanghai Chaori Solar Energy Science and Technology Co Ltd highlights the rising credit risk in China, where record levels of corporate debt are likely to accelerate a spate of restructuring and trigger more defaults.

  • Feb 24- Debt-laden Chinese solar company LDK Solar Co Ltd said it filed in the Cayman Islands for the appointment of provisional liquidators, four days before it is due to make a $197 million bond repayment. LDK Solar, which is incorporated in the Cayman Islands, has received several reprieves from investors on interest payments on the bond, which matures on Feb. 28.

  • Feb 24- Debt-laden Chinese solar company LDK Solar Co Ltd said it filed an application for provisional liquidation in the Cayman Islands. LDK Solar, incorporated in the Cayman Islands, said it has made "considerable progress" in its discussions with key offshore creditors.

  • JinkoSolar Holdings, JA Solar, Canadian Solar and U.S. companies including First Solar and Sunpower Corp have raised about $3 billion in the past year, over according to industry estimates and Thomson Reuters data, mostly through private share placements, public share issues and convertible bonds.

  • UPDATE 2-Weak panel prices weigh on Canadian Solar Tuesday, 11 Feb 2014 | 10:39 AM ET

    Feb 11- Canadian Solar Inc's fourth-quarter revenue estimate missed analysts' estimates as weak panel prices more than offset a rise in demand, sending its shares down 4 percent. Solar companies are seeing increased demand for panels and other products, primarily in China and Japan, but prices remain depressed as excess supplies continue to flood the market.

  • *Estimates 4th- qtr revenue of $510- $520 mln vs est. Feb 11- Canadian Solar Inc estimated 2013 would be its first profitable year since 2010 as its strategy of building high- margin solar power plants pays off. Canadian Solar estimated it would post a profit in the fourth quarter ended Dec. 31, its second straight quarterly profit after nine quarters of losses.

  • China shadow bank says reached pact to avoid default Monday, 27 Jan 2014 | 6:45 PM ET

    A Chinese trust firm said on Monday it had reached an agreement to resolve a troubled high yield investment product.

  • US defends 'green loans,' despite failed start-ups Monday, 16 Sep 2013 | 12:29 PM ET

    The Energy Department is sticking by its green loan program, even as critics question the government's moves into venture capitalism.

  • Trader work on the floor of the New York Stock Exchange.

    Stocks finished modestly higher in lackluster trading Monday, with the Dow and S&P 500 closing at new highs for the third-straight session, as investors digested a handful of mixed economic data and ahead this week's slew of earnings reports.

  • Early Movers: MS, VZ, UNH & More Thursday, 18 Apr 2013 | 8:28 AM ET

    Some of the names on the move ahead of the open.

  • Despite the financial headwinds battering solar panel makers, alternative energy has a bright future, First Solar CEO James Hughes said Thursday.

  • Stocks finished off their best levels but the Dow still posted a fresh closing high Tuesday. And the S&P 500 traded within 2 points of its all-time peak earlier in the session.

  • Once 'Overhyped and Sexy,' Solar Tumbles Back to Earth Saturday, 30 Mar 2013 | 3:38 PM ET

    Once attracting billions in private investment and public subsidies, enthusiasm over the solar sector has waned recently, underscoring the limits of renewable energies and the dominance of fossil fuels.

  • World's Top Maker of Solar Panels Nears Insolvency Wednesday, 20 Mar 2013 | 11:02 PM ET

    A group of Suntech Power lenders want the Chinese solar panel maker's main unit declared insolvent, a sign Beijing is losing support for the industry.

  • I'm not saying getting a deal (however small) is not worth something, but I think the fact that this is the first trading day of the year is an equally important factor.

  • Oct 12- Bankrupt solar firm Solyndra has filed a lawsuit against three U.S.-listed Chinese solar players, including Suntech Power Holdings Co, seeking $1.5 billion in compensation due to monopolization by these firms, according to court documents filed on Thursday.

  • Oct 12- Bankrupt solar firm Solyndra has filed a lawsuit against three U.S.-listed Chinese solar players, including Suntech Power Holdings Co, seeking $1.5 billion in compensation due to monopolization by these firms, according to court documents filed on Thursday.

  • Oct 12- LDK Solar Co Ltd:. *Responds to the final U.S. doc determination for Chinese solar cells and. *Says strongly regret U.S. doc's final determination to impose countervailing.