PCCW-HKT launches benchmark dollar bond

The Hong Kong telco returns to the international bond markets for the first time since November 2001.

For the second time in a week, HSBC appears to have stolen a march on its competitors with the launch of a $500 million trade for PCCW-HKT. The 10-year deal began marketing after Asia's close Wednesday and is expected to price later today (Thursday).

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