Thursday, August 21, 2014

Huawei's European Operations Lands US$1.6 Billion Loan

Huawei Technologies' European subsidiary has been granted a US$1.6 billion 5+1+1-year revolving credit facility (loan) by leading European banks, Banco Bilbao Vizcaya Argentaria, S.A., BNP Paribas, Citigroup Global Markets Limited, DBS Bank Ltd., Deutsche Bank Luxembourg S.A., HSBC Bank plc, ING Bank N.V., Standard Chartered Bank, The Royal Bank of Scotland plc, Hong Kong Branch.

"This symbolizes that the level of trust and cooperation between Huawei and our partners has been raised to new heights. We would like to thank all of you for your trust and support, which has helped us walk steadily forward on the road to globalization." said Mr. Evan Bai, the president of Treasury of Huawei Group, "We firmly believe that Huawei will maintain its unceasing efforts, make continuous improvements, achieve stable and favorable performance, and repay all of you for your trust and support."

http://www.huawei.com

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