Huawei raises record US$2.7b in Chinese debt issuance spree
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Huawei Investment & Holding Co has raised a record US$2.7 billion through ultra-short-term commercial paper issuance, capitalizing on low borrowing costs in China's credit market amid US-China trade tensions. The funds will support operating expenses for Huawei's headquarters and subsidiaries. With onshore rates at historic lows, large tech firms prefer local financing over offshore options. This trend aligns with Beijing's initiative to enhance financial support for tech innovation, as seen in the recent establishment of a "tech board" for mid-to-long-term debt sales.
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Source: The Edge Malaysia The copyright of this article belongs to the original author/organization.
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