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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (1352)6/5/2001 11:08:24 PM
From: ms.smartest.person  Read Replies (1) of 2248
 
Chase Manhatan declines comment on reported PCCW 2 bln usd bond issue
2001-06-06


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Chase Manhattan Hong Kong declined to comment on reports that Pacific Century CyberWorks Ltd is seeking to issue 2 bln usd in bonds to repay part of its 4.7 bln usd bank debt.

Managing director Leonard Wei declined to comment on the reports, referring all questions to PCCW.

The reports said that PCCW is expected to issue the bonds via its fixed-line operations unit.

Chase Manhattan was involved in PCCW unit PCCW-HKT Telephone Ltd's 4.7 bln usd term loan facility, and a 1.5 bln usd term loan facility for PCCW and Telstra Corp's IP backbone joint-venture.
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