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To: cfoe who wrote (109329)12/7/2001 6:26:38 AM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 152472
 
We'll be able to test this statement when PCS goes back into the market

there are, of course, other factors affecting the yield a particular issuer can negotiate. but the market yield is obviously an important factor. the average debt yield throughout telecom today is around 17%. the average at the market peak in 2000 was 8.9%. imo 17% is a business plan destroyer.