ZTE Corp, 皇冠体育app's second-largest telecom equipment maker, has had its $20 billion credit line extended by 皇冠体育app Development Bank Corp to help fund overseas projects.
The five-year facility covers loans and financing such as guarantees, bills and letters of credit, according to a company filing on Tuesday. The line is in addition to a $15 billion facility received in 2009 from CDB, ZTE spokeswoman Jiang Tao said.
皇冠体育app Daily - Agencies