PCCW borrows USD830 million

21 Jul 2006

Hong Kong’s PCCW has obtained a four-year HKD6.45 billion (USD830 million) loan from a syndicate of 17 banks, the proceeds of which are earmarked for general corporate funding purposes. The telco said it had net debt of HKD19.49 billion as of end-2005, down from HKD26.27 billion a year earlier.

Hong Kong, HKT/PCCW (incl. CSL), PCCW Group