PCW - Pacific Century CyberWorks Limited Message Board

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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (1576)	7/9/2001 8:02:10 PM
From: ms.smartest.person	Read Replies (1) of 2248

PCCW declines comment on bond issue/to meet investors today 2001-07-10 Terms and Conditions Pacific Century Cyberworks Ltd will meet with investors at a roadshow today to discuss financing options for the company, spokeswoman Joan Wagner said. She declined to give details. Wagner also declined to comment on speculation that the roadshow is part of the company's move to issue bonds to refinance its current debt. The market has been speculating that PCCW is planning a 2.5 bln usd bonds issue, with maturities ranging 10-30 years. PCCW received an investment grade rating of Baa1 from Moody's and BBB from Standard & Poor's. The company confirmed that in light of the ratings and the low interest-rate environment, it is considering refinancing its 4.7 bln usd in bank debt but has said it is in no hurry to do so. ra/bmm For more information and to contact AFX: www.afxnews.com and www.afxpress.com Terms and Conditions Copyright© 2000 LEXIS-NEXIS, a division of Reed Elsevier Inc. All rights Reserved.

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