JA Solar signed agreement to fund its Vietnam’s 1.5 GW wafer manufacturing facility

JA Solar Vietnam Company Limited, subsidiary of Chinese JA Solar Holdings Co., Ltd., had entered into a long-term buyer credit loan agreement with China Minsheng Bank Corporation Limited Shijiazhuang Branch to fund the procurement of equipment at its 1.5 GW of wafer manufacturing facility in Vietnam. Under the terms of the agreement, the lender agreed to provide the subsidiary with a loan facility of up to $68,396,100 with a seven-year term. In addition, the company had signed a guarantee agreement with the lender, under which the company will provide corporate guarantee against the loan facility.
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