March 6, 2017 / 12:56 AM / a year ago

BRIEF-Lenovo Group proposes drawdown notes issue

March 6 (Reuters) - Lenovo Group Ltd

* Proposed Issuance Of Us Dollar Denominated Perpetual Securities By A Subsidiary

* Proposed Issuance Of Us Dollar Denominated Drawdown Notes Under The Programme

* Issuer, which is a direct unit of company, proposes to conduct proposed securities issue to professional investors only

* Company proposed to issue drawdown notes under programme which was established by company on November 30, 2016

* Company will issue intra-group note to issuer

* Net proceeds from issue of securities will be used to repay some or all of amounts outstanding under promissory note issued to google inc

* No definitive or binding agreement in relation to proposed securities issue or proposed drawdown notes issue has been entered Source text for Eikon: Further company coverage:

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