Huawei to raise $2b from bond offering
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.