New Issue: Hong Kong's PCCW sells $500 million 3¾% 10-year notes at Treasuries plus 200 bps

By Christine Van Dusen

Atlanta, March 5 - PCCW Ltd. sold $500 million 3¾% notes due March 8, 2023 (expected ratings: Baa2/BBB/) at 98.785 to yield 3.898%, or Treasuries plus 200 basis points, a market source said.

DBS, HSBC, Standard Chartered Bank, ANZ and Morgan Stanley were the bookrunners for the Regulation S deal.

PCCW is a Hong Kong-based telecommunications company.

Issuer:	PCCW Ltd.
Amount:	$500 million
Maturity:	March 8, 2023
Description:	Senior notes
Bookrunners:	DBS, HSBC, Standard Chartered Bank, ANZ, Morgan Stanley
Coupon:	3¾%
Price:	98.785
Yield:	3.898%
Spread:	Treasuries plus 200 bps
Trade date:	March 5
Settlement date:	March 8
Expected ratings:	Moody's: Baa2
	Standard & Poor's: BBB
Distribution:	Regulation S

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.