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Prospect News home > News index > List of issuers L > Headlines for Lenovo Group Ltd. > News item
Published on 7/26/2022 in the Prospect News Convertibles Daily.

Lenovo trims conversion price for 3.375% convertibles due 2024

By Mary-Katherine Stinson

Lexington, Ky., July 26 – Lenovo Group Ltd. adjusted the conversion price of its $675 million 3.375% convertible bonds due 2024, according to a notice Tuesday.

The conversion price will be lowered to HK$6.60 per share from HK$6.87 per share, effective Aug 4.

The adjustment is due to the cash dividend payment of HK$0.30 per share announced July 26.

Lenovo is a Beijing-based technology company.


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