ZTE to connect with banks for new $600m

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By Rashmi Kumar
03 Apr 2014

China’s ZTE Corp, a provider of telecommunications equipment, is seeking a loan of between $450m and $600m and has started preliminary talks with banks.

The financing is expected to have a three year tenor, according to a banker involved in the conversations.

Hong Kong and Shenzhen-listed ZTE will use the loan proceeds to refinance a portion of a 2011 fundraising that falls ...

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