Shearman And Sterling

News June 10, 2015

Shearman & Sterling Advises on Lenovo Group Limited’s CNY$4 Billion Bond Offering

Shearman & Sterling represented Agricultural Bank of China, Citigroup and DBS Bank Ltd. as joint global coordinators and other underwriters in connection with the Regulation S offering of CNY$4 billion in aggregate principal amount of 4.95% Senior Notes due 2020 by Lenovo Group Limited (“Lenovo”).

This is one of the largest offshore CNY corporate bonds.

Lenovo is one of the world’s leading personal technology companies, producing innovative PCs and mobile internet devices. A global Fortune 500 company, Lenovo is the world’s largest PC vendor and third largest smartphone company.

The Shearman & Sterling team included partners Kyungwon (Won) Lee (Hong Kong-Capital Markets), Patrick Clancy (London-Finance), and Alan Yeung (Hong Kong-Capital Markets); associates Leo Wong (Hong Kong-Capital Markets) and Thomas Evans (London-Finance); special associate David Wallace (Hong Kong-Capital Markets); and senior legal assistant Derek Perriam (Hong Kong-Capital Markets). Counsel Simon Letherman and associate Gabriel Ng (both London-Tax) advised on the tax aspects.