June 17, 2009 (FinancialWire) — Yingli Green Energy Holding Co., Ltd. (NYSE: YGE) has priced a follow-on public offering of 18.6 million American Depositary Shares, or ADS, each representing one ordinary share of Yingli Green Energy, at $13 per ADS.

Deutsche Bank Securities (NYSE: DB) acted as global coordinator for the offering, with Credit Suisse Securities (NYSE: CS) and Citigroup Global Markets (NYSE: C) acting as joint bookrunners.

Of the shares sold in the offering, 15.6 million ADS were sold by Yingli Green Energy and three million were sold by a selling shareholder, Yingli Power Holding Co. Ltd., a company owned by the family trust of Liansheng Miao, the chairman and chief executive officer of Yingli Green Energy.

The offering was increased from its initial announced size of 15.5 million ADS. Yingli Green Energy has granted the underwriters an option to purchase up to 2.79 million additional ADS to cover over-allotments.

Yingli Green Energy plans to use the net proceeds from the offering to repay certain existing indebtedness, including repayment of around $50 million in a loan facility provided to its subsidiary, Yingli Energy Co., Ltd., by Asia Debt Management Hong Kong, and for general corporate purposes.

Baoding, China-based Yingli Green Energy Holding is a PV product manufacturer that designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis.

The company sells its PV modules to system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States.

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