PCCW could slash debut bond amid poor demand

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PCCW could slash debut bond amid poor demand

July 20, 2001 12:00 AM

Pacific Century CyberWorks (PCCW), on the verge of arranging its debut international bond financing for wholly owned subsidiary PCCW-HKT, could be hit by a vicious combination of highly volatile market conditions and weaker than expected Asian demand that could leave the company with a much smaller transaction than the $2.5bn size anticipated.

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