ZTE raises CNY 6 bln in bond issue

Tuesday 27 January 2015 | 14:47 CET | News
ZTE has raised CNY 6 billion in the issue of medium-term notes. The perpetual notes carry interest of 5.81 percent per year for the first five years, after which the rate will be rest every five years. ZTE said it will use the proceeds from the issue to repay bank loans and for working capital. This is the first tranche in the company's medium-term note programme approved last year, under which it can raise up to CNY 9 billion.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: ZTE Belgium
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.