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Lenovo to redeem remaining $180.60 million 5 3/8% perpetual notes
By Taylor Fox
New York, Nov. 9 – Lenovo Perpetual Securities Ltd. plans to redeem the remaining $180,603,000 of its $1 billion 5 3/8% perpetual securities (ISIN: XS1575529539), according to a company announcement.
The notes will be redeemed at par, plus dividends up to, but excluding, the Dec. 10 redemption date.
On Nov. 2, Lenovo purchased and canceled $819,397,000, or over 75%, of the original amount.
Citibank NA, London Branch is the paying agent.
Lenovo is a Beijing-based technology company.
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