(Yicai Global) March 3 -- Huawei Technologies' parent company Huawei Investment & Holding will issue its first medium-term notes this year in the amount of CNY2 billion (USD290 million), according to its filing to the Shanghai Clearing House today.

Investors can apply over the next two days for the notes, which bear an interest rate of between 3 percent and 3.8 percent and have a five-year term.

This will be Huawei's third domestic bond issue. The Shenzhen-based telecom giant came out with its first two in October and November, both three-year notes of CNY3 billion.

The Shanghai Clearing House is an interbank entity formed for the settlement and clearing of financial products in November 2009.

Editor: Ben Armour