China's Lenovo in Middle East expansion
May 29, 2024
Lenovo to use $2bn convertible bond to buy-back debt and shares
Proceeds from the zero-coupon convertible bond will be used for refinancing existing debt, including another convertible bond, share buy-backs and general corporate purposes, as the PC giant ramps up AI investment.
Chinese PC giant Lenovo has issued new zero-coupon convertible bonds for an aggregate principal amount of $2 billion with a maturity date of June 25, 2033, according to a Hong Kong Stock Exchange (HKEX) filing on June 18.
Sign in to read on!
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to CorporateTreasurer.
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
If you are a treasurer, CFO or senior financial professional at a corporate or SME, please register for free VIP access here.
Questions?
See here for more information on licences and prices, or contact [email protected].
© Haymarket Media Limited. All rights reserved.
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
for unlimited access to all articles, newsletters
