Lenovo plans to raise $2B by issuing convertible bonds to Alat, a subsidiary of Saudi Arabia's PIF, which would convert to ~12.1% of the company's issued shares (P.R. Venkat/Wall Street Journal)

P.R. Venkat / Wall Street Journal:

Lenovo plans to raise $2B by issuing convertible bonds to Alat, a subsidiary of Saudi Arabia’s PIF, which would convert to ~12.1% of the company’s issued shares  —  The zero-coupon bonds can be exchanged for Lenovo shares  —  Lenovo Group is raising US$2. billion by issuing convertible bonds …