PCCW-HKT re-finances debt

Hong Kong telco returns to international dollar bond market for first time in two years.

PCCW-HKT zoomed in and out of the international bond markets yesterday July 14 with a $500 million 10-year issue led by HSBC. In doing so, the Baa2BBBBBB rated credit followed a very similar strategy to 2003 when it also raised $500 million via an accelerated bookbuild under the auspices of the same lead manager.

This time round the lead shortened the marketing period from 24 hours to 12 and priced the deal...

To continue reading, please login or register for free

Click for more on: pccwhkt | refinances | debt

Print Edition

FinanceAsia Print Edition

CONFERENCES