ZTE pushes loan to $900m after syndication success

Chinese telecommunications company ZTE Corp has signed a $900m dual tranche loan after four banks joined the deal in general syndication, allowing the borrower to increase the size of the loan for the second time.

  • 11 Jul 2011
Bookrunner Bank of China launched the deal into general syndication last month after five banks committed to the deal in senior syndication, encouraging the borrower to boost its target from $500m to $800m. But the loan continued to pick up momentum, and the company chose to increase the ...

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