As expected, Suntech (STP) failed to make a required $541M bond repayment scheduled for last...

|About: Suntech Power Holdings Co.,... (STP)|By:, SA News Editor

As expected, Suntech (STP) failed to make a required $541M bond repayment scheduled for last Friday, a move that triggers cross-defaults on other debt including loans from International Finance Corp. and Chinese domestic lenders. Says it is exploring strategic alternatives with lenders and potential investors. STP +4.3% premarket.