Huawei to raise $2b from bond of­fer­ing

China Daily (Canada) - - BUSINESS -

Huawei Tech­nolo­gies Co plans to raise $2 bil­lion by sell­ing a 10-year dol­lar-de­nom­i­nated bond, peo­ple fa­mil­iar with the mat­ter said, as it con­tin­ues to ex­pand its smart­phone busi­ness. The Chi­nese telecom­mu­ni­ca­tions gi­ant has been boost­ing spend­ing on re­search, mar­ket­ing and sales. It is still dis­cussing terms of the is­sue with banks, and the size of the deal could change, the peo­ple said. Banks likely to man­age the bond is­sue in­clude DBS Bank, Aus­tralia & New Zealand Bank­ing Group, Stan­dard Char­tered Bank and the Bank of China.

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