China's ZTE plans 4 billion yuan five-year bond offering with warrants

By Aaron Hochman-Zimmerman

New York, Jan. 24 - ZTE Corp. announced it will offer a 4 billion yuan five-year bond with warrants, according to a press release.

The yearly interest rate of the bonds is expected to be between 0.8% and 1.5%.

Over 65 million warrants will be issued. Two warrants will buy one A share of ZTE.

ZTE is a Shenzhen, China-based telecommunications firm.

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