AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
NatCity Cancellation Irritates Loan Bidders.
Washington-In late December, National City Corp. pulled a $2.1 billion portfolio of troubled mortgages off the market after several investors had spent thousands of dollars conducting due diligence and then proffered bids, investment banking sources said last week.
At press time, NatCity - which is now the property of PNC Bank of Pittsburgh - had not commented on the matter. Three different investment bankers confirmed that a deal of that size was out in the market place from the bank. "There were roughly 20 pools," said one investment banker who bid on the loans. "I spent weeks evaluating it. Then everyone bid."
The banker described the portfolio as "distressed loans" and said they were mostly residential in nature. ...
- CyberWork's US$12b loan bidders to learn fate.
- Newspaper article from: South China Morning Post April 11, 2000 700+ words
Bankers who heavily overbid for an underwriting slice of the US$12 billion loan being raised by Pacific Century CyberWorks to fund its takeover of Cable & Wireless HKT, will hear today what allocations they will be granted. The tendering, which closed at midnight on Friday, attracted 27
- Charleston plaza auction planned.
- Newspaper article from: The Post and Courier (Charleston, SC) May 21, 2004 700+ words
...alleged that the travel plaza company owes it more than $7 million, according to a lawsuit it filed in 2002 to recoup its loan. Bidders on the CTP assets will be vying to acquire an $18,000-a-month lease for 19 acres owned by two affiliated New Jersey...
- Charleston, S.C., Travel Plaza Will Go to Highest Bidder.
- Newspaper article from: Knight Ridder/Tribune Business News May 21, 2004 700+ words
...alleged that the travel plaza company owes it more than $7 million, according to a lawsuit it filed in 2002 to recoup its loan. Bidders on the CTP assets will be vying to acquire an $18,000-a-month lease for 19 acres owned by two affiliated New Jersey...
Source: HighBeam Research, NatCity Cancellation Irritates Loan Bidders.