Market Chatter: Huawei Secures 15 Billion Yuan Offshore Loan from Chinese Banking Syndicate-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Market Chatter: Huawei Secures 15 Billion Yuan Offshore Loan from Chinese Banking Syndicate

MT Newswires Live10-22 17:37

Huawei Technologies has secured a seven-year offshore yuan-denominated syndicated loan worth 15 billion yuan from six Chinese banks, Bloomberg reported Thursday, citing a person familiar with the matter.

Bank of China (HKG:3988, SHA:601988), China Construction Bank (HKG:0939, SHA:601939), and Industrial & Commercial Bank of China (HKG:1398, SHA:601398) were among the participating lenders. The telecommunications equipment manufacturer plans to use the proceeds for general corporate purposes and working capital, according to the report.

The financing marks Huawei's first offshore syndicated loan since 2020, when it raised HK$11.8 billion, the report said, citing Bloomberg-compiled data.

Huawei, BOC, CCB and ICBC did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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