Huawei to debut European connection with new $1bn

Huawei
By Rashmi Kumar
08 May 2014

China’s Huawei Technologies is preparing to set foot in Europe with its $1bn revolver, marking the first time the company has opened syndication up to the European market. Asian lenders will miss out on the chance to lend to the credit, but bankers are applauding the move as it will help the borrower broaden its banking group, writes Rashmi Kumar.

The Chinese company, an information and telecommunications technology solutions provider, has picked BBVA, BNP Paribas, Citi, DBS, Deutsche Bank, HSBC, ING, Standard Chartered and Royal Bank of Scotland as the mandated lead arrangers and bookrunners.

While the company’s first foray into the European market is likely to lead ...

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