+ Follow AVENUE ASIA INTERNATIONAL LTD Tag
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[Title] => BayanTel expects to pay P600M in interest this year
[Summary] => Lopez-owned Bayan Telecommunications expects to pay around P600 million in interests this year even as the Pasig Regional Trial Court approved the term sheet submitted by the court-appointed receiver that will implement the company rehabilitation and debt restructuring plan.
Bayantel chief finance officer Salvador Tirona disclosed that the company will start paying this year a small portion of the principal debt, roughly around one percent. The repayment schedule is based on cash flow capacity, he said.
[DatePublished] => 2005-04-30 00:00:00
[ColumnID] => 133272
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[ArticleID] => 219461
[Title] => BayanTel reviews options
[Summary] => Lopez-owned Bayan Telecommunications (BayanTel) is currently mapping out a legal strategy and reviewing the various options available in connection with a petition for corporate rehabilitation filed by the Bank of New York.
The bank earlier filed the petition upon the instructions of unsecured bondholders of Bayantel such as Avenue Asia Investment L.P.; Avenue Asia International Ltd.; Avenue Asia Special Situations Fund II L.P.; Avenue Asia Capital Partners L.P.; and Van Eck Global Opportunity Masterfund Ltd.
[DatePublished] => 2003-09-02 00:00:00
[ColumnID] => 133272
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AVENUE ASIA INTERNATIONAL LTD
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[results] => Array
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[ArticleID] => 275860
[Title] => BayanTel expects to pay P600M in interest this year
[Summary] => Lopez-owned Bayan Telecommunications expects to pay around P600 million in interests this year even as the Pasig Regional Trial Court approved the term sheet submitted by the court-appointed receiver that will implement the company rehabilitation and debt restructuring plan.
Bayantel chief finance officer Salvador Tirona disclosed that the company will start paying this year a small portion of the principal debt, roughly around one percent. The repayment schedule is based on cash flow capacity, he said.
[DatePublished] => 2005-04-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 219461
[Title] => BayanTel reviews options
[Summary] => Lopez-owned Bayan Telecommunications (BayanTel) is currently mapping out a legal strategy and reviewing the various options available in connection with a petition for corporate rehabilitation filed by the Bank of New York.
The bank earlier filed the petition upon the instructions of unsecured bondholders of Bayantel such as Avenue Asia Investment L.P.; Avenue Asia International Ltd.; Avenue Asia Special Situations Fund II L.P.; Avenue Asia Capital Partners L.P.; and Van Eck Global Opportunity Masterfund Ltd.
[DatePublished] => 2003-09-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
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abtest
September 2, 2003 - 12:00am
