FirstCaribbean wins deal of the year 2007 award
FirstCaribbean International Bank has been awarded the âDeal of the Year Trinidad & Tobagoâ title for 2007. The prestigious accolade, issued by The Banker magazine and the Financial Times Group, is the latest international recognition to be given to FirstCaribbean. This year, though, marks the first time the honour has been presented by The Banker magazine for a transaction completed in the Caribbean region.{{more}}
The Bankâs Capital Markets unit received the award for the Urban Development Corporation of Trinidad & Tobago (UDeCOTT) short-term US$176 million financing facility completed in 2006 for the Port of Spain International Waterfront Centre.
Ian Chinapoo, Managing Director, Capital Markets, congratulated the transaction team who contributed to the successful completion of the deal.
âThe âDeal of the Yearâ award is a noteworthy achievement for FirstCaribbean and our Trinidad and Capital Markets businesses,â he said. âWe are pleased to have won the globally recognized title, having only launched both operations within the past three years.â
The official award ceremony took place May 2, 2007 in Manama, Bahrain. The award package includes a commemorative crystal tombstone and a feature in the May 2007 issue of The Banker magazine.
âDeal of the Yearâ titles for 2007 were awarded to financial institutions in 60 countries across the globe from a pool of 650 applicants. Judging criteria for the honour range from speed of deal execution to customer service quality.
FirstCaribbean Capital Markets continues to raise US$ hundreds of millions in debt capital for governments, state-owned enterprises and private and public companies. In addition to debt underwriting and structured project finance, the unitâs product and service suite includes Equity Underwriting, Syndicated Loans and Structured Finance offerings.
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