Life after the crisis: Asia moves on
Korea: Hanwha Chemical Corporation
Indonesia: Astra International
Total Access Communications (TAC), Thailand’s second largest cellular provider, was the first Thai corporate to start restructuring. As part of this its first task was convincing its creditors that they would be paid. Although it had substantial cashflow, it also had a large debt burden of $1.1 billion and a severe currency mismatch on its balance sheet.
After long discussions with a group of 50 international banks, it successfully extended the repayment period for $537.7
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
