China's Lenovo issues $2b convertible bonds to Saudi PIF as part of strategic deal

China's Lenovo issues $2b convertible bonds to Saudi PIF as part of strategic deal

FILE PHOTO: The Lenovo logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration/File Photo

China’s Lenovo Group, the world’s largest personal computer (PC) maker, said on Wednesday that it will issue a $2-billion zero-coupon convertible bond to Saudi Arabia’s sovereign wealth fund, as part of the strategic collaboration to expand in the Middle East and Africa region (MEA). 

Edited by: Joymitra Rai