Asia's first covenant-lite loan hit by price flex
The $625m covenant-lite loan backing the leveraged buy-out of Singapore¹s United Test & Assembly Centre has had to be repriced after leads ABN Amro, JP Morgan and Merrill Lynch struggled to attract investors. Read this week¹s EuroWeek for the market¹s reaction to the price slash, and what this means for the future of Asian leveraged loans.
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