HONG KONG: Huawei Technologies plans to raise the equivalent of US$1.5 billion from a group of Chinese lenders, people familiar with the matter said, the company’s first major debt financing since US authorities restricted its access to key suppliers in May.
The Shenzhen-based company is close to wrapping up the Hong Kong dollar-denominated loan, though final sign offs are still pending and details could change, the people said. While Donald Trump said last month that he would ease some curbs on Huawei, the tech giant remains on a US blacklist and will likely continue to face significant restraints on its access to American suppliers.
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