Recognizes Lenovo’s successful transactions in three different asset classes over the year
24 February, 2023 – Lenovo (HKSE: 992) (ADR: LNVGY) has been awarded IFR Asia’s Issuer of the Year 2022 for its successful transactions in three different asset classes over the year, including an offshore syndicated loan, a bond and a convertible bond, and for achieving exceptionally good results in terms of both size and pricing in difficult market conditions. IFR (International Financing Review) is one of the world’s leading providers of global capital market intelligence.
With its solid investment-grade credit rating status, liability management was a key component of Lenovo’s financing strategy in 2022. Lenovo has successfully completed an initial US$625 million green bond offering as part of a US$1.25 billion dual-tranche Rule 144A/Regulation S bond offering. This was the world’s largest ESG bond debut for the technology sector in 2022[1], which marks an important milestone in Lenovo’s ESG journey. Lenovo’s green bond has been included in the Bloomberg MSCI Green Bond Index for the first time in October 2022.
Lenovo has received strong investment-grade ratings from global leading credit rating agencies, including “Baa2” by Moody’s Investors Service, Inc., “BBB-“ by Standard & Poor’s Ratings Services and “BBB” by Fitch Ratings Ltd.
Last week, Lenovo announced its FY2022/23 Q3 results, having delivered solid results as diversified growth engines and operational excellence drove profitability.
[1] Source: Dealogic, Asia excluding Japan, jumbo deals in excess of US$1bn (equivalent).
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$70 billion revenue global technology powerhouse, ranked #171 in the Fortune Global 500, employing 82,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver smarter technology for all, Lenovo has built on its success as the world’s largest PC company by further expanding into key growth areas including server, storage, mobile, solutions and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and sustainable digital society for everyone, everywhere. To find out more visit www.lenovo.com, and read about the latest news via our Storyhub.
