GCL Energy Technology (SHE:002015) plans to apply for the issuance of medium-term bonds worth 1.50 billion yuan with China's National Association of Financial Market Institutional Investors, according to a Shenzhen bourse filing on Saturday.
The solar materials manufacturer's shares slipped 1% at the close of Monday's trade.
The bonds can be issued in tranches and will have a term of two to five years.
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