+ Follow AVENUE CAPITAL GROUP Tag
AVENUE CAPITAL GROUP
Array
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[results] => Array
(
[0] => Array
(
[ArticleID] => 523637
[Title] => Benpres nets P10.92 billion in January-September
[Summary] => Benpres Holdings Corp. sustained its profitability in the nine months ending September this year to P10.92 billion, a reversal of the P841-million loss recorded in the same period last year, mainly due to a lower debt level.
[DatePublished] => 2009-11-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 23945
[Title] => PNOC-EDC advisors dangle financing facility to sweeten bidding package
[Summary] =>
The financial advisors for the sale of the government-owned majority stake in Philippine National Oil Co.-Energy Development Corp. (PNOC-EDC) are working out a staple financing facility for the prospective bidders.
[DatePublished] => 2007-10-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 23743
[Title] => IFC may extend loan to winning PNOC-EDC bidder
[Summary] =>
[DatePublished] => 2007-10-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 395845
[Title] => Aboitiz Power buys into East Asia Utilities and its subsidiary
[Summary] =>
Aboitiz Power Corp., the listed holding firm for all power-generation and distribution assets of the Aboitiz family, has acquired from El Paso Philippines Energy Corp. 50 percent of East Asia Utilities Corp. (EAUC) and 48 percent of EAUC’s wholly-owned subsidiary Cebu Private Power Corp. (CPPC) for about P307 million.
Part of the deal also involves the assumption of P878 million of intercompany debt owed to EAUC.
[DatePublished] => 2007-04-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => 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] =>
)
[5] => Array
(
[ArticleID] => 289119
[Title] => BPI income up 23% to P2.3B in Q2
[Summary] => Bank of the Philippine Islands (BPI), the country’s second largest banking group, posted a P2.3 billion net profit in the second quarter this year, up 23 percent from P1.9 billion a year earlier, driven by higher interest and fee-based income.
BPI, owned by conglomerate Ayala Corp. and Singapore’s DBS Group, said its revenues in the second quarter grew by a similar 23 percent to P7 billion. In the second quarter of 2004, BPI posted total revenues of P5.7 billion.
[DatePublished] => 2005-07-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => 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] =>
)
[7] => 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] =>
)
)
)
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