Cable & Wireless to cash US$1.5 bln by selling convertible notes on PCCW shares

Cable and Wireless announce to cash US$1.5 bln by selling convertible notes on PCCW shares at a lowest of HK$3.6, 17% higher than closing price HK$ 3.075 before suspension.The exchangeable bond will expire on June 9,2003 with null rates.

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