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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: pennywise who started this subject	1/13/2002 9:20:19 PM
From: ms.smartest.person	Read Replies (1) of 2248

PCCW Parent Issues US$100 Mln Exchangeable Bonds to Intel Jan 14, 2002 - 09:40:54 HKT Quamnet News Service Pacific Century Regional Developments Ltd., the parent company of Pacific Century CyberWorks (0008), said it will issue US$100 million redeemable exchangeable bonds due 2006 to 2007 to Intel Capital Corp., a subsidiary of Intel Corp. Bond-holders are allowed to exchange the bonds into PCCW shares at HK$2.50 per share, representing a 9.89 percent premium to the stock's closing price last Friday of HK$2.275. If converted, the bonds would represent 1.4 percent of PCCW's existing shares. The coupon is 3 percent per annum, payable semi-annually. quamnet.com

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