Huawei investment arm issues 4 billion yuan in ultra-short-term bonds

Chinese tech giant Huawei’s investment arm has reportedly issued 4 billion yuan (HK$4.25 billion) worth of ultra-short-term bonds, according to Bloomberg, citing sources.

The bonds of subsidiary Huawei Investment and Holding have a maturity of 248 days, at an interest rate of 1.59 percent.

Earlier this year, Huawei issued four series of ultra-short-term financing in about a month, raising a total of 16 billion yuan.

STAFF REPORTER