LDK Solar Announces Plan to Issue RMB3,000,000,000 Notes

XINYU CITY, China and SUNNYVALE, Calif., Nov. 30, 2011 /PRNewswire/ -- LDK Solar Co., Ltd. ("LDK Solar") (NYSE: LDK), a leading vertically integrated manufacturer of photovoltaic products, today announced that it plans to issue an aggregate principle amount of RMB3,000,000,000 notes to institutional investors in the People's Republic of China.

China Minsheng Banking Corp. ("CMBC") will act as underwriter and the notes will be issued in four tranches with each tranche priced in line with the then prevailing market conditions. The first tranche, consisting of an aggregate principal amount of RMB500,000,000 (approximately USD78,800,000), will be issued on December 7, 2011 and will be due on December 8, 2014. The second tranche, consisting of an aggregate principal amount of RMB500,000,000, is currently scheduled to be issued in first quarter of 2012; the third tranche, consisting of an aggregate principal amount of RMB1,000,000,000, is currently scheduled to be issued in second quarter of 2012; and the fourth tranche, consisting of an aggregate principal amount of RMB1,000,000,000, is currently scheduled to be issued in the third quarter of 2012.

LDK Solar intends to use the net proceeds of the offering to replace short-term debts.

About LDK Solar (NYSE: LDK)

LDK Solar Co., Ltd. (NYSE: LDK) is a leading vertically integrated manufacturer of photovoltaic (PV) products. LDK Solar manufactures polysilicon, mono and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions. LDK Solar's headquarters and principal manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's office in the United States is located in Sunnyvale, California. For more information about LDK Solar and its products, please visit www.ldksolar.com.