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Awards

Deals of the year 2000: Tech and telecoms illustrate the ups and downs of 2000

It was a volatile year in the capital markets, as the telecoms sector clearly showed but still there were standout deals amid the chaos. Antony Currie, Anja Helk, Peter Lee, Julian Marshall, Jennifer Morris and Felix Salmon look back over 2000.

Asia

China’s big leap forward
Issuer: PetroChina Company Ltd
Deal: privatization IPO
Amount: $2.9 billion
Date: April 7 2000
Co-ordinators: Goldman Sachs, CICC

Retail without queues
Issuer: Mass Transit Railway Corporation
Deal: privatization IPO
Amount: HK$10.8 billion
Date: October 1 2000
Global co-ordinators: Goldman Sachs, HSBC, UBS Warburg




Malaysia’s inaugural euro
Issuer: Federation of Malaysia
Deal: sovereign bond Amount: e650 million
Date: November 24 2000
Bookrunners: Deutsche Bank, Barclays Capital



The $12 billion coup
Issuer: Doncaster Group (for Pacific Century CyberWorks)
Deal: syndicated loan Amount: $12 billion
Date: February 25 2000
Underwriters: Barclays Capital, Bank of China International, BNP Paribas, HSBC



Korea sells off NPLs
Issuer: Korea Asset Management Corporation (KAMCO)
Deal: asset-backed securitization
Amount: $367 million
Date: July 2000 Lead managers: Deutsche Bank, UBS Warburg



Taking on a telecom
Acquirer: Pacific Century CyberWorks
Type of deal: LBO of Hong Kong Telekom
Amount: $37 billion (later adjusted to $28 billion)
Date of announcement: February 29 2000
Advisers for PCCW: Bank of China International, CSFB, MSDW, UBS Warburg Advisers for Cable & Wireless: Merrill Lynch, Greenhill & Co Adviser to HKT: Jardine Fleming (now Chase)
Independent financial adviser to HKT board committee: ING Barings





Latin America

Crafting the road map
Issuer: Ecuador Deal: bond exchange
Amount: $4 billion
Global coordinator: Salomon Smith Barney Joint dealer-manager: JP Morgan











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