Deal of the YearBest Syndicated Loan
Pacific Century Cyberworks, $12 billion syndicated loan
Bank of China International Capital, Barclays Capital, BNP Paribas, HSBC
There could be no other candidate to win loan of the year, or indeed deal of the year, since Asia has never seen a transaction such as this one before. At more than twice the size of the previous record holder, the $12 billion facility changed the face of Asia's syndicated loan market forever and opened the door for leveraged financing across the broader spectrum of the region's capital markets. That the company behind it was only 10 months old an internet start-up, with absolutely no credit...