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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (1340)	6/4/2001 9:49:02 PM
From: ms.smartest.person	Read Replies (1) of 2248

HK PRESS: PCCW To Issue US$2B Bond To Refinance Loan Updated: Monday, June 4, 2001 09:12 PM ET HONG KONG (Dow Jones)--Pacific Century CyberWorks Ltd. (PCW, news, msgs) plans to issue a US$2 billion bond to refinance a part of its US$4.7 billion syndication loan, Hong Kong Economic Times reports quoting unnamed banking sources. The US$4.7 billion syndication loan comes in three tranches, of 3 years, 5 years and 7 years each. The US2 billion bond issue is for refinancing the three-year US$1.5 billion tranche. The bond which will be issued by PCCW's fixed-line unit Cable & Wireless HKT Telephone Ltd., and the issue is expected to be completed before the third quarter this year. PCCW couldn't be reached for comment. Newspaper Web site: http;//www.etnet.com.hk quicken.com

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