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Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?

To: MangoBoy who wrote (4522)	3/17/1998 7:37:00 PM
From: DubM	Read Replies (1) \| Respond to of 12468

The following is from a Reuters story: In the high-yield bond market, WinStar Communications Inc (WCII - news) sold $450 million in high-yield bonds via Credit Suisse First Boston, sources said. WinStar, a U.S. competitive local exchange carrier, increased the size of a tranche of senior subordinated deferred interest notes to $250 million from $150 million due to strong investor demand. ''Many people believe in the WinStar story and wanted to play the most junior security in the capital structure to pick up yield,'' said one source close to the deal. The company also sold a $200 million tranche of senior subordinated notes.