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Loan Pricing Corporation Acquires Basis Point Publishing LTD
LONDON, August 23, 2001 -- Loan Pricing Corporation (LPC), a Reuters subsidiary and an authoritative source of loan market information in the Americas, Europe, Middle East and Africa, has today acquired Hong Kong-based Basis Point Publishing Limited (Basis Point).
The acquisition of Basis Point, a leading source of Asian debt market news and analysis since 1992, will expand LPC's coverage in the Asian markets and firmly position LPC as a premier provider of market information for the global commercial loan market.
LPC will integrate Basis Point's data into its wide array of product offerings. These include LoanConnector, its internet-based delivery platform, which will then provide real-time tools and analytics throughout the Asia-Pacific region (View demo of the Asia-Pacific Module). LPC has had a presence in Hong Kong since 1998, providing real-time access to Gold Sheets Late Breaking News, deal calendars and AsiaLoanMarket Pulse, a weekly, behind-the-scenes market wrap.
Jim Davis, Loan Pricing Corporation President and Chief Executive Officer, said: "LPC will now be able to provide global loan market players with a one-stop Internet solution in the quickly evolving loan market, by combining our comprehensive coverage of the primary and secondary loan markets in the Americas and Europe with Basis Point's Asian debt market coverage."
Michael Lawes, Founder and Publisher of Basis Point Publishing, commented: "Basis Point's news and historical data, coupled with LPC's delivery platform and analytical approach, creates an Asian service in a league of its own. A combination of the information and analytical tools of Basis Point and LPC will add discipline to the pricing process in Asia."
Charles Pelham, Managing Director, Head of Distribution Europe & Asia Pacific, J.P. Morgan, and a client of LPC, noted: "Combining Basis Point's Asian market information and LPC's one-stop Internet approach to delivery data, news and analytics via LoanConnector makes a lot of sense."
About Loan Pricing Corporation
Loan Pricing Corporation (LPC), a Reuters Company, has provided financial institutions around the world with the most complete and accurate information on bank loans since 1985. LPC's reach on loan market news and information spans across the United States, Europe, Eastern Europe, Middle East, Africa, Latin America and Asia with market news delivered via publications, on-line news services and databases. Loan Pricing Corporation (LPC) has earned its position as the authoritative source of loan market information and analysis by its constant attention to the loan industry and development of state-of-the-art products and services for bankers, borrowers, and loan investors.
About Reuters
Reuters (www.about.reuters.com) is the leading global provider of financial information, news and technology solutions to financial institutions, the media, businesses and individuals. Reuters strength is our unique ability to offer customers a combination of content, technology and connectivity. Our premier position is founded on continuous technological innovation and a reputation for speed, accuracy, integrity and impartiality. We have over 18,140 staff in 97 countries, including some 2,498 editorial staff in 198 bureaux serving approximately 150 countries, making it the world's largest international multimedia news agency. In 2001, Reuters had revenues of £3.9 billion.
Reuters and the sphere logo are the trade marks of the Reuters group of companies.
For more information contact:
Loan Pricing Corporation
Jim Davis
Tel: 212-833-9200
Email: jdavis@loanpricing.com
Basis Point Publishing LTD
Brice Minnigh
Tel: +852 2542 9090
Email: briceminnigh@bppl.com
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