Source:
https://scmp.com/article/508177/pccw-unit-markets-us500m-debt-issuePCCW unit markets US$500m debt issue
PCCW's wholly-owned fixed-line telecom arm, PCCW-HKT Telephone, is planning to raise US$500 million from the sale of 10-year bonds, according to notices sent by the three major rating agencies.
The bonds, which will be guaranteed by PCCW, were being marketed to investors yesterday at a yield spread of 120 to 125 basis points above the 10-year US Treasury, market sources said. As no roadshow was needed, the pricing was expected to be finalised by today, they added.