Tag Archives: JA Soilar

JA Solar (JASO) Closes Loans Worth $90.8 Million

JA Solar just announced that it has obtained 2 loans with a combined worth of RMB 620 million (about $90.8 million). The loans have a three-year term and were obtained from Export-Import Bank of China. The interest rate was not specified, but it is below China’s benchmark rate.

In a press release, Baofang Jin, executive chairman of JA Solar, commented on the loans:

“We are pleased to receive continued support from tier-1 domestic Chinese banks. … Read the rest