ZTE gets big loan
By Zhu Shenshen |
July 9, 2011, Saturday
|
Print Edition
Print Edition
SHENZHEN-LISTED ZTE Corp, China's biggest telecommunications equipment maker, announced yesterday that it had borrowed US$900 million for three to five years from 10 global banks for global expansion.
Raising the debt in US dollars is an effective way for ZTE to hedge against the appreciation of the yuan, ZTE said in a statement.
The banks in the deal included Bank of China (Hong Kong) Ltd, DBS Bank, the Bank of Tokyo-Mitsubishi, Hang Seng Bank and China Construction Bank's Hong Kong branch.
Raising the debt in US dollars is an effective way for ZTE to hedge against the appreciation of the yuan, ZTE said in a statement.
The banks in the deal included Bank of China (Hong Kong) Ltd, DBS Bank, the Bank of Tokyo-Mitsubishi, Hang Seng Bank and China Construction Bank's Hong Kong branch.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
