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.

China Daily - Agencies