Linklaters advises on Lenovo’s US$2bn convertible bond issuance and concurrent repurchase of US$225m convertible bonds

Linklaters has advised the joint lead managers on Lenovo Group Limited’s (Lenovo) US$2bn zero-coupon convertible bond issuance due 2033 and the concurrent repurchase of US$225m of its existing convertible bonds due 2029.

The Linklaters team was led by capital markets partner Taiki Ki, with support from solicitor Jun Tang. 

Taiki Ki, partner at Linklaters, commented: 
 

“We are delighted to have advised on this landmark transaction for Lenovo. The deal underlines continued momentum in the equity-linked market and the versatility of equity-linked instruments in enhancing capital structures.”

With over 50 years’ on-the-ground expertise in Hong Kong SAR and across Asia, Linklaters provides clients with high-quality, comprehensive legal support across international capital markets transactions. The firm continues to be at the forefront of equity-linked transactions in the region, having recently advised on MMG Limited’s approximately US$1.6bn placing of shares and convertible bond issuance.