BRIEF: ZTE readies general syndication

Chinese telecommunications company ZTE Corp could launch a $500m loan into general syndication within the next two weeks, after getting heavy demand in senior syndication.

  • 07 Jun 2011

ZTE has already received several commitments and is now waiting for three or four lenders to join as mandated lead arrangers before the borrower approaches further banks. The MLAs will underwrite the deal.

The loan is divided equally between three year and five year tranches. ZTE is offering a ...

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