The Federal Reserve has cleared up uncertainty about interest rates, further helping the market environment. Existing PSINet bonds are trading at about a 10.5 percent yield. The new notes, with a 10-year maturity, are expected to price slightly above that, because the money may be used for acquisitions, which carry integration risk. The company will be meeting with U.S. investors this week. The Williams bonds will probably also receive a warm reception, analysts said.
Buyers often favor larger deals that trade more easily.
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