Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ms.smartest.person who wrote (1657)	7/18/2001 4:41:39 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 2248

Pacific Century CyberWorks Ltd executive chairman Richard Li said details of unit PCCW-HKT's proposed bond issue will be confirmed within the week. Li did not say, however, if the company will proceed with the bond issue if the yield sought has to be more than 300 basis points above US Treasuries. Li said the company needs to decide on the total issue size and interest rates for the bond issue. Reports that the bond issue will be for 2.5-3.5 bln usd are total speculation, he said, adding that the company would not consider a long repayment period such as 30 years. The market has been speculating that the bond issue will be for 10 and 30 years. Li reiterated that PCCW is not in urgent need of refinancing its debt. The roadshow to promote the company's proposed bond issue is going well, he added. st/ra/bmm For more information and to contact AFX: www.afxnews.com and www.afxpress.com Terms and Conditions Copyright© 2000 LEXIS-NEXIS, a division of Reed Elsevier Inc. All rights Reserved. quamnet.com