Hong Kong-based telecommunications provider PCCW is looking to raise about US$300m in bonds, according to several media reports.
The phone company hired HSBC Holdings, Morgan Stanley, Royal Bank of Scotland Group (RBS) and Standard Chartered, wrote…
Hong Kong-based telecommunications provider PCCW is looking to raise about US$300m in bonds, according to several media reports.
The phone company hired HSBC Holdings, Morgan Stanley, Royal Bank of Scotland Group (RBS) and Standard Chartered, wrote Bloomberg citing a person familiar with the matter.
PCCW is looking to offer the five-and-a-half bond at a yield of 295-300 basis points over US Treasuries. The securities will likely be priced later today, said a Dow Jones report.
When contacted, PCCW and the four banks were not available to comment.
