Huawei gets hero’s welcome after picking renminbi over dollars
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Huawei gets hero’s welcome after picking renminbi over dollars

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Huawei Technologies Co, a centrepiece in the ongoing US-China trade war, bagged Rmb3bn ($425m) from its first-ever onshore bond on Wednesday. Although the issuance opens up a new and cheap funding channel for the company, it will have to return to the dollar bond market to refinance its outstanding bond soon, bankers said.

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