CLOs survive the crisis

By Bayani S Cruz

Misgivings about the viability of securitized bank loans as an asset class have largely been dispelled on the strength of their impressive track record

Thai Union to acquire MW Brands for USD883M

By Nick Parsons

Thai Union is taking MW Brands out of the hands of Trilantic Partners in a deal that will help it become one of the largest companies in the world, especially in canned tuna products

HSBC pulls out of MGM Hong Kong IPO

By Nick Parsons

MGM Grand Macau signed a USD950 million restructuring loan on July 30 that provides it with the platform to launch an IPO in Hong Kong by the end of the year,but will go ahead without the involvement of HSBC

San Miguel changes rules in mid-syndication

By Nick Parsons

San Miguel Corporation managed to alienate some of its underwriting banks in mid-syndication by asking them for another USD10 million each after the underwriting agreement was signed

Public Mobile in deal with Export-Import Bank of China

By The Asset

Under the terms of the loan, the funds will be used for the construction of Public Mobile’s CDMA network with equipment from ZTE

Familiar faces elected to APLMA Board

By Nick Parsons

The Asia-Pacific Loan Market Association (APLMA) made no radical changes in electing its board membership for 2010 at its annual general meeting in Hong Kong last week