March 10, 2017 / 4:16 AM / in 4 months

BRIEF-Lenovo Group's unit to offer $850 mln securities

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March 10 (Reuters) - Lenovo Group Ltd:

* On March 9, 2017, issuer, co, sole structuring advisor, joint global coordinators and joint bookrunners entered into subscription agreement

* "Issuer" is Lenovo Perpetual, "sole structuring advisor" is Citigroup Global Markets

* Company and issuer will enter into IGN subscription agreement in relation to issue and subscription of intra-group notes

* Securities offered are US$850 million 5.375% perpetual securities in form of cumulative preferred shares of issuer

* Net proceeds from issue of securities will be on-lent by issuer to company through subscription by issuer for intra-group notes Source text for Eikon: Further company coverage:

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