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

To: ms.smartest.person who wrote (1589)	7/10/2001 10:13:03 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 2248

PCCW may raise bond issue to 3.8 bln usd - report 2001-07-11 Terms and Conditions Pacific Century CyberWorks' proposed 2.5 bln usd bond issue may be raised to 3.8 bln usd, the South China Morning Post cited an investment banker who was present in the company's bond sale presentation as saying. The proposed bond sale will be used to partially refinance the 4.7 bln usd in bank loans it took on when it acquired Cable & Wireless HKT, and to extend the maturity profile of its debt. The banker said PCCW officials indicated they hope to refinance all of the medium-term debt from the bond issue. "During the question and answer period, CyberWorks said it hoped to raise the issue to 3.8 bln usd so that it could cover all its medium term debt at one go," the banker said. fh/rf For more information and to contact AFX: www.afxnews.com and www.afxpress.com Terms and Conditions