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

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.

The demand for the deal was less than what rival Huawei achieved with its $1.5 billion bond in February, when the telecoms and smartphone group captured more than $10 billion of demand. But against...

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