JA Solar Holdings Co., Ltd. announced that its wholly-owned subsidiary, JA Solar Vietnam Company Limited 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 JA Solar Vietnam's 1.5GW of wafer manufacturing facility.
Under the terms of the loan agreement, the Lender agreed to provide the Subsidiary with a loan facility of up to US$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.