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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: changedmyname who wrote (11368)	5/18/2001 4:57:45 PM
From: TechMkt	Respond to of 15615

Looks like Citizens has our money. Now, we just need to deposit it into our account and finish this deal. Fez ________________________ CITIZENS COMMUNICATIONS 18 May - Citizens Communications Co. (NYSE:CZN - news), a Stamford, Connecticut-based telecommunications service provider, sold $1.75 billion of five- and 10-year notes, yielding a respective 3.75 and 3.95 percentage points more than Treasuries. The sale was increased from an original $1 billion. In secondary trading, spreads on the notes tightened to a respective 3.30 and 3.60 percentage points more than Treasuries, traders said. ``It was very oversubscribed,'' said a trader. ``For a mid-triple-B, it was very cheap.'' Citizens Communications' debt is rated ``Baa2'' by Moody's Investors Service and ``BBB'' by Standard & Poor's.