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Technology Stocks : PCW - Pacific Century CyberWorks Limited -- Ignore unavailable to you. Want to Upgrade?


To: ms.smartest.person who wrote (1340)6/4/2001 9:49:02 PM
From: ms.smartest.person  Read Replies (1) | Respond to of 2248
 
HK PRESS: PCCW To Issue US$2B Bond To Refinance Loan

Updated: Monday, June 4, 2001 09:12 PM ET

HONG KONG (Dow Jones)--Pacific Century CyberWorks Ltd. (PCW, news, msgs) plans to issue a US$2 billion bond to refinance a part of its US$4.7 billion syndication loan, Hong Kong Economic Times reports quoting unnamed banking sources.

The US$4.7 billion syndication loan comes in three tranches, of 3 years, 5 years and 7 years each. The US2 billion bond issue is for refinancing the three-year US$1.5 billion tranche.

The bond which will be issued by PCCW's fixed-line unit Cable & Wireless HKT Telephone Ltd., and the issue is expected to be completed before the third quarter this year.

PCCW couldn't be reached for comment.

Newspaper Web site: http;//www.etnet.com.hk

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