Chinese telecoms vendor Huawei is in talks with banks to secure a loan worth at least US$500m, according to Reuters citing sources close to the matter.
The facility could reportedly have a maturity of at least five years and it has not been decided yet…
Chinese telecoms vendor Huawei is in talks with banks to secure a loan worth at least US$500m, according to Reuters citing sources close to the matter.
The facility could reportedly have a maturity of at least five years and it has not been decided yet whether it would be a club or a syndicated deal.
In October last year, it had been reported that Huawei was considering an IPO in order to tap into the US market.
The vendor had been seeking advice from investment banks on how and where to float, in order to make itself more transparent and more likely to win big contracts in the US.
Huawei was not immediately available for comment.
