Thursday, September 13, 2012

Telefónica Secures US$1.2 Billion in Loans from China

Telefónica secured US$1.2 billion in credit with China Development Bank and Industrial and Commercial Bank of China. BBVA acted as Facility Agent for the ten year loan.

Telefónica said the purpose of the credit is for the purchasing of products and solutions by Telefónica group worldwide.

http://www.telefonica.com

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