HONG KONG (Yosefardi) – Lenovo Group Ltd plans to issue USD denominated Notes for general corporate purposes including working capital, and to fund any acquisition activities that may arise.
The size and pricing of the proposed Note Issue will be determined following a book-building process to be conducted by Credit Suisse and Goldman Sachs as the joint global coordinators and Credit Suisse, Goldman Sachs, BNP Paribas, BOC International, HSBC, Mitsubishi UFJ Securities, Mizuho Securities, The Royal Bank of Scotland and Standard Chartered as the joint lead managers and joint bookrunners of the Note Issue.
Lenovo shares surged 3.5% to HK$7.99 in Hong Kong Friday (May 31). At this price, Lenovo has market capitalization of around HK$83.42 billion.
Lenovo is a US$34 billion personal technology company, one of the top two PC makers in the world. The company booked net profit of US$635 million in 2012/13 financial year, or a 34% jump from the previous financial year.