Loan Pricing Corp moves into Asia with BasisPoint acquisition
24 August 2001 | 1055 views | 0
Reuters subsidiary Loan Pricing Corporation (LPC), which provides loan market information in the Americas, Europe, Middle East and Africa, has acquired Hong Kong-based Basis Point Publishing Limited (Basis Point). Financial terms have not been disclosed.
The acquisition of Basis Point, a source of Asian debt market news and analysis since 1992, will expand LPC’s coverage in the Asian markets.
LPC says it will integrate Basis Point’s data into its product offerings, including LoanConnector, its Internet-based delivery platform, which will then provide real time tools and analytics throughout the Asia-Pacific region.
Jim Davis, Loan Pricing Corporation president and chief executive officer, says: "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."