Huawei wraps up $1.2bn dual tranche loan despite low price

Telecoms company Huawei has signed a $1.2bn dual tranche loan after attracting four banks to the deal in syndication, despite tight pricing that some bankers said could have discouraged potential lenders.

  • 11 Aug 2011
The loan is split between a $700m facility for Huawei Tech Investment and a $500m tranche for Huawei International that the company launched into syndication in June. Both tranches have a tenor of five years and offered banks a margin of 140bp over Libor and a top level ...

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