Lenovo taps bonds ahead of US jobs data

The Chinese technology group prices a $500 million senior five-year bond and an $850 million perpetual bond, braving the market ahead of a crucial data release in the United States

Lenovo taps bonds ahead of US jobs data

Chinese technology giant Lenovo returned to the international bond market on Thursday, issuing a $500 million senior bond and an $850 million perpetual non-callable five-year bond a day before the release of US non-farm payroll statistics.

The two Reg-S sales got more than $3 billion of orders at the peak level before Lenovo, the world’s biggest PC maker, released final price guidance, according to syndicate bankers familiar with the deal.

...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: bonds | unrated | lenovo | tmt | perpetual bonds

Print Edition

FinanceAsia Print Edition

EVENTS