Yingli Pays Off Majority Of Medium-Term Notes

Yingli Green Energy Holding Company Limited announced that its holding subsidiary, Baoding Tianwei Yingli New Energy Company Limited, has substantially repaid the Mid-Term Notes (“MTNs”) due Oct. 13, which were previously restructured to be paid by the end of 2015. Approximately 70 percent of the MTNs including interest totaling $110 million were repaid from the liquidation of idle land and demolition of facilities held by Fine Silicon, one of the Company’s wholly-owned subsidiaries. The MTNs were issued by Tianwei Yingli in October 2010 as five-year unsecured notes totaling $157 million. The company continues to work closely with the MTNs holders for repayment of the remaining portion of MTNs and expects such remaining portion to be repaid within one year.