Huawei plans to raise $1.5b loan from Chinese banks

Huawei plans to raise $1.5b loan from Chinese banks

REUTERS/Hannibal Hanschke/Files

Huawei Technologies Co. plans to raise the equivalent of $1.5 billion from a group of Chinese lenders, people familiar with the matter said, the company’s first major debt financing since U.S. authorities restricted its access to key suppliers in May.

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