Under the agreement, the credit facilities are available over a five-year period to support the company's long-term growth and corporate development plans.
According to Jinko, detailed terms of the credit facilities and related credit agreements are subject to the bank's internal risk management requirements and operational regulations, and will need to be negotiated before the relevant credit facilities may be granted.
"We are pleased to have the support of BOC as we look to capitalize on opportunities that will further strengthen our position as a leading solar product manufacturer," commented Longgen Zhang, chief financial officer of JinkoSolar.
"Following the successful registration of RMB600 million financing bonds with Industrial Bank, our strategic agreement with BOC reiterates Jinko Solar's successes and strong financial performance, and highlights the confidence of Chinese financial institutions in our ability to continue delivering positive results."
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