PCCW sells $500 million bond

The Hong Kong telecom company returns to the international debt markets after a five-year absence and draws huge demand, allowing the deal to be upsized from an initial target of $300 million.

Hong Kong telecom company PCCW surprised markets on Thursday by pricing a $500 million five-and-a-half-year Reg-S bond. There had been no warning that PCCW would print, but on the back of strong half-year results and amid relative quiet markets, the issuer saw the opportunity to execute a swift intra-day trade.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media