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 (1687)	7/23/2001 2:49:27 AM
From: ms.smartest.person	Read Replies (1) of 2248

MARKET TALK/HK: PCCW Bond Move A Slight Positive: SSB [Contact Us: Hong Kong 852-2802-7002] 0328 GMT [Dow Jones] PCCW's decision to scrap US$2.5 billion bond a slight positive, says Salomon Smith Barney; implies no downward revision to earnings estimates due to higher short-term borrowing costs for a longer tenure, fixed rate bond. ""Given PCCW has no long-term debt due until February 2004, we do not believe this will adversely affect its debt servicing/repayment capabilities""; but adds PCCW may try and tap market again down track.(RXM) -0- cgi.netvigator.com

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