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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Winter who wrote (3976)	5/5/1998 3:31:00 PM
From: Mark Myword	Read Replies (3) \| Respond to of 164684

HERE IT IS GUYS (and gals) - from Bloomberg - BN 5/5 Amazon.com Sells 10-Year Notes at 10%; Raises $326 Million New York, May 5 (Bloomberg) -- Amazon.com Inc., the online bookseller, raised $325.987 million by selling 10-year junk-rated bonds at a 10 percent yield to maturity, a person familiar with the sale said. The private sale was increased from $275 million originally planned. The 10 percent yield was at the bottom of the expected range of 10 percent to 10 1/4 percent, the person said. Morgan Stanley Dean Witter & Co. handled the sale. The zero-coupon notes priced at a discount of 61.507 percent of par. The notes don't pay interest until Nov. 1, 2003, when the coupon becomes 10 percent. The notes can be redeemed, or called, any time before May 1, 2003, at a yield of 50 basis points over the 10-year Treasury yield. The notes then can be called according to a call schedule. Investors have to pay for the bonds by Friday. The notes are rated Caa2 by Moody's Investors Service Inc., three steps above its lowest rating. The money raised will be used to repay a $75 million term loan, pay for future operation losses and fund business development, which could include acquisitions. The company, based in Seattle, Washington, sells books over the Internet. --Wes Goodman in the New York newsroom (212) 318 2669./brs