ZTE Corp Said to Hire Lender to Arrange $500 Million in Loans
May 04, 2011, 1:33 AM EDTBy Bloomberg News
May 4 (Bloomberg) -- ZTE Corp., China’s second-largest maker of phone equipment, is seeking $500 million in loans, according to a person familiar with the matter.
Bank of China (Hong Kong) Ltd. is arranging the facility, said the person, who asked not to be identified because the details are private.
To contact the reporter on this story: Bloomberg News in Beijing at hsanderson@bloomberg.net
To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net
