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Lenovo s Saudi Alliance Boosts Appeal of Cheap AI-Related Stock

Lenovo s Saudi Alliance Boosts Appeal of Cheap AI-Related Stock
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Lenovo Forges Saudi Alliance With $2 Billion Convertibles Issue

(Bloomberg) Lenovo Group Ltd. plans to sell $2 billion worth of zero-coupon convertible bonds to Saudi Arabia’s sovereign wealth fund, part of a broader strategic pact with the tech-hungry kingdom.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughMortgages Stuck Around 7% Force Rapid Rethink of American DreamIsraeli Airstrike and Egyptia

More Chinese Tech Convertibles May Follow Alibaba, JD com Sales

More Chinese Tech Convertibles May Follow Alibaba, JD com Sales
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

More Chinese tech convertibles may follow Alibaba, JD com sales

More Chinese technology companies might turn to convertible bonds, after Alibaba Group Holding and JD.com raised a combined US$6.5 billion through such notes.

Alibaba, JD com convertible bond sales may spur other Chinese internet giants

Meituan, Tencent, NetEase and PDD Holdings are potential candidates to sell convertibles, according to UOB Kay Hian analyst Julia Pan.

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