ZTE to connect with banks for new $600m

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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial