Huawei gauges interest among lenders for a loan of up to $1.5billion

HONG KONG: Chinese telecommunications giant Huawei Technologies is back for its second offshore loan this year, gauging interest among lenders for a loan of up to US$1.5bn after being snubbed by foreign banks on its previous visit.

Huawei is looking to raise five and seven-year money through bullet maturities, the same structure as a US$1.5bn club loan completed in July. That facility failed to attract international banks as it came soon after damaging sanctions restricting Huawei’s ability to buy components and technology from US firms without government approval.