Lenovo Group (HKG:0992, HKG:80992) issued $2 billion in convertible bonds and 1.15 billion warrants on Jan. 8, according to a Wednesday filing with the Hong Kong bourse.

The bonds were issued to an investor's subsidiary, with a conversion price of HK$10.02 per share, potentially converting bonds into 1.56 billion shares or 12.57% of Lenovo's current shares.

Simultaneously, the warrants were fully subscribed, generating proceeds of approximately HK$1.65 billion. This move is part of Lenovo's strategic plans, which include new business development partnerships and manufacturing agreements to strengthen the company's financial position and global growth prospects.