Hong Kong's PCCW talks $300 million to $500 million 5.5-year bonds at Treasuries plus 295-300 bps

By Christine Van Dusen

Atlanta, Aug. 19 - Hong Kong's PCCW Ltd. set price talk for its planned issue of $300 million to $500 million in 5.5-year bonds (Baa2) at Treasuries plus 295 basis points to 300 bps, according to a market source.

Morgan Stanley, Standard Chartered, RBS and HSBC are the bookrunners for the deal.

Proceeds will be used for general corporate purposes, including debt refinancing, according to Moody's Investors Service.

PCCW is the holding company of HKT Group Holdings Ltd., a telecommunications provider.

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