Lenovo mandates loan, bankers await pricing test
Lenovo, the Chinese computer manufacturer, has appointed six banks to run a $500m revolver that it hopes to launch into syndication by the end of the week — providing bankers with a timely gauge of Hong Kong pricing as margins continue to tighten.
Bank of Tokyo-Mitsubishi, BNP Paribas, Citi, HSBC, Mizuho and Standard Chartered have been appointed at the top level, and Bank of China is considering joining the five year loan. The deal will refinance a $400m term facility that the company signed in May 2009.
Lenovo — which has not
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