Vendor

Huawei to Issue Bonds to Raise RMB 4bn, with Bond Issuance Within Three Years Hitting RMB 15bn

Updated:2021/1/29 09:24

According to the information on the website of Shanghai Clearing House, Huawei Investment & Holding Co., Ltd will issue its first tranche of medium-term notes worth RMB 4 billion for 2021. The proceeds from the issuance of the notes with a maturity period of three years will be used to replenish the working capital of the company and its subsidiaries, Huawei said.

Huawei disclosed in its note prospectus that the company has registered a stable sales growth in recent years, with a compound annual growth rate between 2017 and 2019 reaching up to 19.15%. Huawei reported growth in operating costs and R&D expenditure due to the continuous expansion of various businesses. It is expected that Huawei’s various businesses will maintain stable growth and see further increase in capital expenditures in the future.

As released by Shanghai Clearing House, Huawei has issued six tranches of medium-term notes since October 2019, with total note issuance amounting to RMB 15 billion.

 Source:C114
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