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.

Comment:

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

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.

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.

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

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