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CWO`s Ann:$200M Medium Term Note Issue

Document date:  Thu 25 Nov 1999
Published:  Thu 25 Nov 1999 00:00:00
Document No:  196755
Document part:  A
Market Flag:  N
Classification: 

CABLE & WIRELESS OPTUS LIMITED                1999-11-25  ASX-SIGNAL-G

HOMEX - Sydney                                                        

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Cable & Wireless Optus today announced a A$200 million Medium Term
Notes (MTNs) issue.

The three year fixed rate issue will have a maturity date of 
15 November 2002. The deal, which launches today, will be officially
priced on 26 November at 11.00am, for settlement on 1 December 1999.

The program, in the n0
ame of Cable & Wireless Optus Finance Pty Ltd
and guaranteed by C&W Optus and its major operating subsidiaries,
carries a long term rating from Standard & Poor's of BBB+ with stable
outlook, and a Moody's rating of Baa2 (on review for upgrade).

ANZ Investment Bank has been named as Lead Manager for the MTN issue,
with Commonwealth Bank of Australia and Merrill Lynch appointed as
Dealers.



For more information: 
Stephen Woodhill 
Phone: 02 9342 7850

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