PCCW $12bn loan stokes Asia M&A bonanza hopes

Pacific Century CyberWorks (PCCW), the internet company that is not yet one year old, is raising a syndicated loan of $12bn, in a dramatic indication of the rapid shifting of power in the global telecoms industry.

  • 03 Mar 2000
The loan, the largest yet from Asia, will act as a bridge financing for the acquisition of Hong Kong Telecom from its UK parent company Cable & Wireless. PCCW is acquiring its target with a $35.9bn cash-and-share offer, to form a company with a market capitalisation of ...

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All International Bonds

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2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

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4 Citi 4,355.35 13 4.55%
5 SG Corporate & Investment Banking 4,273.37 17 4.46%

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3 UBS 4,270.64 20 7.34%
4 Citi 3,833.33 28 6.59%
5 Goldman Sachs 3,788.75 20 6.51%