BRIEF-Lenovo Says Planning To Issue New Convertible Bonds To Institutional Investors
June 17 (Reuters) - 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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