By Rebecca Melvin
New York, May 12 – Lenovo Group Ltd. priced a $350 million add-on to its 5 7/8% notes due 2025, according to a company announcement.
The company sold the initial $650 million of 5 7/8% notes due 2025 at par on April 24.
Citigroup, BNP Paribas, Goldman Sachs (Asia) LLC and DBS Bank Ltd. were the joint lead managers of the new notes with Citigroup as stabilizing manager.
Listing on the Stock Exchange of Hong Kong Ltd. is expected to become effective on May 13.
The notes were issued under the company’s $3 billion medium-term note program established in March.
Lenovo is a Beijing-based technology company.
| Issuer: | Lenovo Group Ltd.
|
| Issue: | Medium-term notes
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| Amount: | $350 million add-on
|
| Maturity: | 2025
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| Lead managers: | Citigroup, BNP Paribas, Goldman Sachs (Asia) LLC and DBS Bank Ltd.
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| Coupon: | 5 7/8%
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| Announcement date: | May 12
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| Listing date: | May 13
|
| Total deal size: | $1 billion, including $650 million priced on April 24, 2020
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