New Issue: Lenovo prices $750 million of 4¾% five-year notes at 99.921

New York, March 22 – Lenovo Group Ltd. priced $750 million of five-year notes with a 4¾% coupon at 99.921, according to an announcement.

Citigroup Global Markets Ltd., BNP Paribas, DBS Bank Ltd., Australia and New Zealand Banking Group Ltd., Bank of China Ltd., Morgan Stanley & Co. International plc, MUFG Securities EMEA plc, Banco Santander, SA, Société Générale Corporate & Investment Banking, Crédit Agricole Corporate and Investment Bank, China Construction Bank (Asia) Corp. Ltd., Goldman Sachs (Asia) LLC, Maybank Investment Bank Bhd., Natixis and Westpac Banking Corp. were lead managers with Citigroup as stabilizing manager.

The company dropped a plan tranche of notes due 2028.

Proceeds will be used to fund a tender offer under which the company is buying $713,756,000 of its 4.7% notes due 2019 and for working capital and general corporate purposes.

Lenovo is a Beijing-based technology company.

Issuer:	Lenovo Group Ltd.
Issue:	Medium-term notes
Amount:	$750 million
Maturity:	March 29, 2023
Coupon:	4.75%
Price:	99.921
Lead managers:	Citigroup Global Markets Ltd. (stabilizing), BNP Paribas, DBS Bank Ltd., Australia and New Zealand Banking Group Ltd., Bank of China Ltd., Morgan Stanley & Co. International plc, MUFG Securities EMEA plc, Banco Santander, SA, Société Générale Corporate & Investment Banking, Crédit Agricole Corporate and Investment Bank, China Construction Bank (Asia) Corp. Ltd., Goldman Sachs (Asia) LLC, Maybank Investment Bank Bhd., Natixis and Westpac Banking Corp.
Pricing date:	March 22
Settlement date:	March 29

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