Lenders log in to Lenovo $1bn loan

Lenovo laptop
By Shruti Chaturvedi
01 Mar 2018

Syndication of a $1bn loan for Lenovo Group got off to a roaring start with an encouraging turnout from banks at a Hong Kong roadshow this week. The Chinese company has made it clear it wants to recapture the top spot in the global personal computer market, but bankers are wary about how the firm will look to meet its goals. Shruti Chaturvedi reports.

Less than two weeks ago Lenovo, the world’s second largest PC company by market share and shipments, opened a $1bn revolver for participation. The response has been immense, said bankers. There have been so many enquiries for the fundraising, which was intended to be a club-style deal, that ...

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