Date: 17 November 2011
Xinyi Solar submitted an application to the Hong Kong stock exchange to list on the main board in June.
The firm produces solar glass products, ultra-clear photovoltaic raw glass and ultra-clear photovoltaic processed glass.
Providers of Xinyi Glass Holdings' HK$1.1 billion ($141 million) 2010 loan recently invoked a market disruption clause on the deal because their funding costs have spiked, Thomson Reuters publication Basis Point reported on November 11.
Invoking a market disruption clause can increase pricing on a syndicated loan.
The company has not reached agreement with the lenders on how much extra it will pay for the loan, the report said. ($1=7.783 Hong Kong dollars) (Reporting by Stephen Aldred; LEditing by Greg Mahlich)
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