In August 2011, Crédit Agricole CIB acted as one of the bookrunners and mandated lead arrangers for the 5-year USD 1.2 billion syndication in favour of Huawei Tech Investment Co Ltd (“Huawei HK”) and Huawei International PTE Ltd (“Huawei SG”).
The syndication is divided into two tranches:
The bank syndicate includes 12 major international banks. The purpose of the syndication is to refinance the borrowers' existing facilities and to finance general corporate purposes.
"Thanks to our leadership in Syndication, particularly in Asia and China where we have been consistently No 1 Foreign Bookrunner in the last three years, we could at last have a real global coverage approach of Huawei which is growing at quasi 20% per year.
It also contributes to reinforce our visibility in the Chinese market and of course in the league tables because of the size of the transaction", comments Xavier Roux, Senior Country Officer of Crédit Agricole CIB in China.
Established in 1987, Huawei is a global leading information and communications technology (ICT) solutions provider.