RBC Joe Spak: Tesla will raise about $1.3 billion USD locally (local banks in China), with interest rates likely to be 3%-5%

China media reported:

Royal Bank of Canada Capital Markets Analyst Joe Spak mentioned Tesla will raise about $1.3 billion USD locally (local banks in China), with interest rates likely to be 3%-5% for GigaFactory 3 in Shanghai, China

Link source: https://finance.sina.com.cn/stock/hkstock/ggscyd/2018-11-17/doc-ihmutuec0997401.shtml

The Chinese government owns all the banks in China, keep that in mind. Also In China, the government will use the “policy economy” to help companies they want to support (etc. special interest rate loan)