Suntech Power fails to repay US$541m bond

The move pushed what was once the world's biggest solar panel maker into default on credit lines it had with the International Finance Corp and mainland lenders, Suntech said yesterday in a statement from its headquarters in Wuxi.

via Business feed http://www.scmp.com/business/companies/article/1194125/suntech-power-fails-repay-us541m-bond