JinkoSolar Taps China Unit to Raise $1.5 Billion for New Projects

Key Takeaways:

• JinkoSolar will issue up to 10 billion yuan worth of convertible bonds through its China-listed subsidiary to help fund two major new projects announced earlier this year
• The fundraising takes advantage of a major valuation gap between the U.S.-listed company, which trades at a P/E of 40, and the China-listed unit, whose P/E stands at around 130