Lucent launches $1.36 billion issue in global debut

Article Abstract:

Lucent Technologies Inc. issued 30-year bonds worth $1.36 billion in the company's first ever global bond offering. Lucent debentures carry a 6.45% coupon. They were priced at 99.461 to yield 6.491%. This comes out to approximately 0.89 percentage points above US Treasurys. According to Bear Stearns & Co., Lucent's issue represent the first time that a US company has issued a 30-year fixed-rate global bond.

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Issues 30-year bonds worth $1.36 billion in co's first ever global bond offering

Author: Sesit, Michael R., Valenti, Catherine
Securities issued, listed, Lucent Technologies Inc., Abstract, LU

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Alcatel unit's tracking stock falls

Article Abstract:

Alcatel SA saw the value of its optronics unit tracking stock decline from $71.95 to $71.375 (84.69 euros) per share. The shares were priced at the low end of estimates.

Author: Hennessey, Raymond
Securities prices, Compagnie Financiere Alcatel

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Some start-ups try too hard to please customers

Article Abstract:

The Securities and Exchange Commission is scrutinizing deals by start-up companies in which they offer cheap stock to customers and then overstate their revenue.

Author: Thurm, Scott
Financial management, Management, Powers and duties, Going public (Securities), Initial public offerings, United States. Securities and Exchange Commission

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Subjects list: United States, Telecommunications equipment industry, Telecommunications systems, Securities
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