Huawei Seeks US Ban on One Billion US Dollars in First Major Financing Test
The Chinese telecommunications giant Huawei Technologies Co. calls for about a billion dollars from a small group of lenders he has received the first major funding test affected by US curbs that threaten to block access to critical suppliers.
The world's largest provider of network equipment is looking for an offshore loan in US dollars or Hong Kong dollars, people familiar with the matter asked to be unidentified to discuss private information. The company aims for terms of five and seven years.
Huawei has become a key player in the country's conflicts with the US for trade and key technologies. Last week, Trump's government shook global investors by blacklisting the Shenzhen-based company, which could affect access to parts and software from American suppliers. Huawei's US dollar-denominated bonds fell to a three-month low in the news, and one of Asia's top debt managers has liquidated its holdings.
The company's talks with lenders are still at an early stage and there is no guarantee that a deal will come together In this case, the pricing of the loan ̵
Huawei did not immediately respond to a request for comment.
Huawei's last donation attempt came about four months after five Chinese banks raised $ 14 billion in loans. In September, the company raised $ 1.5 billion from a group of 10 predominantly international banks.
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