+ Follow AVENUE ASIA SPECIAL SITUATIONS FUND Tag
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 876679
[Title] => Globe makes tender offer for 92% of Bayan noteholders
[Summary] => Globe Telecom Inc., a joint venture between diversified conglomerate Ayala Corp. and Singapore Telecommunications Inc., has acquired close to 92 percent of the total remaining outstanding debt of Lopez-controlled Bayan Telecommunications Inc.
[DatePublished] => 2012-11-30 00:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] => http://imageshack.us/a/img846/408/bu5thumb.jpg
)
[1] => Array
(
[ArticleID] => 863954
[Title] => Globe poised to take over Bayan
[Summary] => Globe Telecom Inc., a joint venture between diversified conglomerate Ayala Corp. and Singapore Telecom, is poised to take over debt-ridden Bayan Telecommunications Inc. of the Lopez family.
[DatePublished] => 2012-11-07 00:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 863650
[Title] => Globe confirms talks with Bayan creditors
[Summary] => Globe Telecom Inc., a joint venture between diversified conglomerate Ayala Corp. and Singapore Telecom, is in discussions with bank creditors to acquire Lopez-controlled
[DatePublished] => 2012-11-06 00:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 330079
[Title] => BPI sells P6.3B of NPLs to Avenue Asia
[Summary] => Ayala-owned Bank of the Philippine Islands (BPI) has unloaded another P6.3 billion worth of non-performing loans (NPLs) through a sale and purchase agreement with Avenue Asia, a leading player in the distressed asset market in the US.
BPI has so far sold a total of P17.3 billion in NPLs in wholesale transactions. It has averaged a little over P2 billion in annual retail transactions in the past three years.
In 2004, it sold P8.6 billion in NPLs to Morgan Stanley in a landmark transaction under the Special Purpose Vehicle (SPV) Law.
[DatePublished] => 2006-04-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 288612
[Title] => BPI sells P2.4-B bad loans to US fund manager
[Summary] => The Bank of the Philippine Islands (BPI) has sold P2.4 billion worth of non-performing loans (NPLs) to Asset Pool A (SPV-AMC) Inc. and Avenue Asia Special Situations Fund III L.P., both managed by the Avenue Capital Group, a leader in the distressed asset market in the United States.
The NPL sale is the second transaction undertaken by the universal bank of the Ayala Group following the sale last year of P8.6 billion worth of NPLs to Philippine Asset Investment (SPV-AMC) Inc.
[DatePublished] => 2005-07-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[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] =>
)
[6] => Array
(
[ArticleID] => 273481
[Title] => UCPB sells P11.9B worth of NPLs
[Summary] => United Coconut Planters Bank (UCPB) has successfully sold some P11.9 billion worth of non-performing loans (NPLs) to an affiliate of Amroc Investments Ltd., one of the world’s biggest investor in distressed debt and recovery.
Beating the April deadline for the incentives available to banks unloading their bad loans and bad assets, UCPB held its auction late Friday and sold the entire block of NPLs to Avenue Asia Special Situation Fund III, a fund pool affiliated with Amroc.
[DatePublished] => 2005-04-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => 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] =>
)
[8] => Array
(
[ArticleID] => 217262
[Title] => BayanTel gets debt relief; receiver named
[Summary] => The Pasig Regional Trial Court (RTC) has ordered a freeze on the payment of the outstanding debts of Bayan Telecommunications Inc. (BayanTel) while a viable and acceptable rehabilitation plan is being hammered out.
This as the Bank of New York, acting upon the instructions of some secured bondholders of BayanTel, filed a petition for rehabilitation with the RTC.
[DatePublished] => 2003-08-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
AVENUE ASIA SPECIAL SITUATIONS FUND
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 876679
[Title] => Globe makes tender offer for 92% of Bayan noteholders
[Summary] => Globe Telecom Inc., a joint venture between diversified conglomerate Ayala Corp. and Singapore Telecommunications Inc., has acquired close to 92 percent of the total remaining outstanding debt of Lopez-controlled Bayan Telecommunications Inc.
[DatePublished] => 2012-11-30 00:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] => http://imageshack.us/a/img846/408/bu5thumb.jpg
)
[1] => Array
(
[ArticleID] => 863954
[Title] => Globe poised to take over Bayan
[Summary] => Globe Telecom Inc., a joint venture between diversified conglomerate Ayala Corp. and Singapore Telecom, is poised to take over debt-ridden Bayan Telecommunications Inc. of the Lopez family.
[DatePublished] => 2012-11-07 00:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 863650
[Title] => Globe confirms talks with Bayan creditors
[Summary] => Globe Telecom Inc., a joint venture between diversified conglomerate Ayala Corp. and Singapore Telecom, is in discussions with bank creditors to acquire Lopez-controlled
[DatePublished] => 2012-11-06 00:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 330079
[Title] => BPI sells P6.3B of NPLs to Avenue Asia
[Summary] => Ayala-owned Bank of the Philippine Islands (BPI) has unloaded another P6.3 billion worth of non-performing loans (NPLs) through a sale and purchase agreement with Avenue Asia, a leading player in the distressed asset market in the US.
BPI has so far sold a total of P17.3 billion in NPLs in wholesale transactions. It has averaged a little over P2 billion in annual retail transactions in the past three years.
In 2004, it sold P8.6 billion in NPLs to Morgan Stanley in a landmark transaction under the Special Purpose Vehicle (SPV) Law.
[DatePublished] => 2006-04-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 288612
[Title] => BPI sells P2.4-B bad loans to US fund manager
[Summary] => The Bank of the Philippine Islands (BPI) has sold P2.4 billion worth of non-performing loans (NPLs) to Asset Pool A (SPV-AMC) Inc. and Avenue Asia Special Situations Fund III L.P., both managed by the Avenue Capital Group, a leader in the distressed asset market in the United States.
The NPL sale is the second transaction undertaken by the universal bank of the Ayala Group following the sale last year of P8.6 billion worth of NPLs to Philippine Asset Investment (SPV-AMC) Inc.
[DatePublished] => 2005-07-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[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] =>
)
[6] => Array
(
[ArticleID] => 273481
[Title] => UCPB sells P11.9B worth of NPLs
[Summary] => United Coconut Planters Bank (UCPB) has successfully sold some P11.9 billion worth of non-performing loans (NPLs) to an affiliate of Amroc Investments Ltd., one of the world’s biggest investor in distressed debt and recovery.
Beating the April deadline for the incentives available to banks unloading their bad loans and bad assets, UCPB held its auction late Friday and sold the entire block of NPLs to Avenue Asia Special Situation Fund III, a fund pool affiliated with Amroc.
[DatePublished] => 2005-04-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => 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] =>
)
[8] => Array
(
[ArticleID] => 217262
[Title] => BayanTel gets debt relief; receiver named
[Summary] => The Pasig Regional Trial Court (RTC) has ordered a freeze on the payment of the outstanding debts of Bayan Telecommunications Inc. (BayanTel) while a viable and acceptable rehabilitation plan is being hammered out.
This as the Bank of New York, acting upon the instructions of some secured bondholders of BayanTel, filed a petition for rehabilitation with the RTC.
[DatePublished] => 2003-08-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
September 2, 2003 - 12:00am
