New Issue: China’s Lenovo prices RMB 4 billion 4.95% five-year notes at par

By Christine Van Dusen

Atlanta, June 3 – China’s Lenovo Group Ltd. sold RMB 4 billion five-year notes at par to yield 4.95% on Wednesday, a market source said.

Agricultural Bank of China, Citigroup, DBS Bank, ANZ, Barclays, BNP Paribas, China Construction Bank, Credit Suisse, MUFG Securities, Shanghai Pudong Development Bank and Standard Chartered Bank were the bookrunners for the Regulation S deal.

The company plans to use the proceeds for general corporate purposes, including working capital.

Lenovo is a Beijing-based multinational technology company.

Issuer:	Lenovo Group Ltd.
Amount:	RMB 4 billion
Maturity:	June 10, 2020
Description:	Senior notes
Bookrunners:	Agricultural Bank of China, Citigroup, DBS Bank, ANZ, Barclays, BNP Paribas, China Construction Bank, Credit Suisse, MUFG Securities, Shanghai Pudong Development Bank, Standard Chartered Bank
Coupon:	4.95%
Price:	Par
Yield:	4.95%
Trade date:	June 3
Settlement date:	June 10
Distribution:	Regulation S

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