ZTE Corp, China's second-largest telecom equipment maker, has had its $20 billion credit line extended by China 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.
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