Exhibit 27
PACIFIC CENTURY REGIONAL DEVELOPMENTS LIMITED
0 Xxxxxxx Xxxx #00-00
Xxxxxxxxx 000000
Telephone: (00) 0000-0000 o Facsimile: (00) 0000-0000
Date: 11 June 2003
To: INTEL CAPITAL CORPORATION
And: INTEL PACIFIC, INC.
c/o Intel Semiconductor Ltd.
00X, Xxx Xxxxxxx Xxxxx
00 Xxxxxxxxx, Xxxxxxx
Xxxx Xxxx
Amendment to a Security Agreement dated 14th January 2002 relating to the
US$100,000,000 Secured Redeemable Exchangeable Bonds Due 2006 to 2007
Exchangeable for Ordinary Shares of HK$0.25 each of PCCW Limited (the "Security
Agreement")
Terms defined in the Security Agreement shall have the same meaning when used
in this letter.
In consideration of the mutual obligations set out in this agreement and for
other good and valuable consideration, we agree, subject as provided below,
that the Security Agreement shall be amended as follows:
(a) by deleting the definition of Valuation Date in Clause 1.2 and replacing
it in its entirety with the following:
"Valuation Date means each of the 15th day (or if such day is not a
Business Day, the Business Day immediate thereafter) and the last
Business Day of each calendar month respectively."
Please indicate your agreement to the Amendment by signing this letter.
Yours faithfully,
PACIFIC CENTURY REGIONAL DEVELOPMENTS LIMITED
By:
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Acknowledged and agreed
INTEL CAPITAL CORPORATION
By:
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INTEL PACIFIC, INC.
By:
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