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To: bambs who wrote (47476)	1/29/2001 6:48:09 PM
From: The Phoenix	Read Replies (1) \| Respond to of 77400

bambs, Here's more food for you... Nortel Networks Prepares to Sell $1 Billion of Five-Year Notes By Jennifer Ryan New York, Jan. 29 (Bloomberg) -- Nortel Networks Corp. is preparing to sell $1 billion of five-year notes, said people familiar with the matter. The sale, the company's first note issue since 1993, may take place as soon as this week and is expected to be managed by Salomon Smith Barney and J.P. Morgan Chase & Co., the people said. Nortel sold $200 million of 10-year notes in 1993 through Goldman, Sachs & Co., according to Bloomberg analytics. The Brampton, Ontario-based company, formerly called Northern Telecom, is the No. 2 maker of telecommunications equipment after Lucent Technologies Inc. Nortel's existing debt is rated ``A2'' by Moody's Investors Service and ``A'' by Standard & Poor's.