Lenovo plugs $1.2bn loan, signs with 12-strong club

By Rashmi Kumar
10 Jan 2014

Computer maker Lenovo signed its $1.2bn five year loan on December 18 with a group of 12 banks, ending speculation that it might have to reduce the size after one of the original lenders dropped out.

Citi co-ordinated the fundraising and brought in 11 banks to form the club. They were: Australia and New Zealand Bank, Barclays, BNP Paribas, Bank of China, Bank of Tokyo Mitsubishi-UFJ, Credit Suisse, DBS, Mizuho, Oversea-Chinese Banking Corp, Royal Bank of Scotland and Standard Chartered.

Deutsche Bank was originally ...

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