LDK Solar Co., Ltd. ("LDK Solar") (NYSE: LDK), a leading vertically integrated manufacturer of photovoltaic products, announced the closing of the first tranche of its PRC domestic notes in the aggregate principal amount of RMB500,000,000, issued by its PRC subsidiary, Jiangxi LDK Solar Hi-Tech Co., Ltd., with a fixed interest rate of 6.8% per annum. LDK Solar intends to use the net proceeds of the offering to replace its short-term debts.