China's Lenovo sets talk in 305 bps area for dollar five-year notes

By Christine Van Dusen

Atlanta, April 29 - China's Lenovo Group Ltd. set talk in the Treasuries plus 305 basis points area for its upcoming issue of dollar-denominated and benchmark-sized notes due in five years, a market source said.

Citigroup, ANZ, Bank of China, Barclays, BofA Merrill Lynch, BNP Paribas, Credit Suisse, DBS Bank Ltd., Mitsubishi UFJ Securities, Mizuho Securities, RBS and Standard Chartered Bank are the joint lead managers and joint bookrunners for the Regulation S deal. Citigroup is the global coordinator.

Proceeds will be used for general corporate purposes, including working capital, and to fund any acquisition activities.

Lenovo is a Beijing-based multinational technology company.

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