Lenovo to Raise $2 Billion Via Convertible Bonds

Lenovo Group is raising US$2.0 billion by issuing convertible bonds to a unit of Saudi Arabia’s sovereign-wealth fund, which could result in the investor owning a stake in the world’s largest PC maker.

May 29, 2024 - 00:00
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Lenovo Group is raising US$2.0 billion by issuing convertible bonds to a unit of Saudi Arabia’s sovereign-wealth fund, which could result in the investor owning a stake in the world’s largest PC maker.