Huawei Technologies Co. plans to raise the equivalent of $1.5 billion from a group of Chinese lenders, people familiar with the matter said, the company’s first major debt financing since U.S. authorities restricted its access to key suppliers in May.
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Some foreign banks could be abstaining from making new loans to Huawei because of ongoing uncertainty surrounding the U.S. curbs, according to Cindy Lam, an analyst at Bloomberg Intelligence in Hong Kong. At the same time, if Huawei can secure funding from Chinese lenders, it won’t need to tap foreign ones, she said.
Huawei didn’t immediately reply to a request for comment.
https://www.bloomberg.com/news/articles/2019-07-09/huawei-s-unusual-1-5-billion-loan-involves-only-chinese-banks