BRIEF-Lenovo Says Planning To Issue New Convertible Bonds To Institutional Investors

- Lenovo Group Ltd 0992.HK:

  • PLANNING TO ISSUE NEW CONVERTIBLE BONDS TO INSTITUTIONAL INVESTORS

  • TERMS OF PROPOSED BOND ISSUE, INCLUDING SIZE, ISSUE PRICE AND OTHER TERMS WILL BE DETERMINED THROUGH A BOOK-BUILDING EXERCISE

  • PROPOSED CONCURRENT REPURCHASE OF US$675 MILLION 2.50% CONVERTIBLE BONDS DUE 2029

  • NEW CONVERTIBLE BONDS WILL NOT BE OFFERED TO PUBLIC IN HONG KONG

  • INTENTION TO CONDUCT ON-MARKET SHARE BUY-BACK UNDER SHARE BUY-BACK MANDATES

  • ON-MARKET SHARE BUY-BACK AFTER COMPLETION OF PROPOSED BOND ISSUE, PROPOSED CONCURRENT REPURCHASE


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