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FIRSTCARIBBEAN WINS DEAL OF THE YEAR 2007 AWARD |
 Bridgetown,
Barbados, May 21, 2007 – FirstCaribbean International
Bank has been awarded the “Deal of the Year Trinidad &
Tobago” 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.
The Bank’s Capital Markets unit received the award for the
Urban Development Corporation of Trinidad & Tobago (UDeCOTT)
short-term US$176 million financing facility completed in
2006 for the Port of Spain International Waterfront Centre.
Ian Chinapoo, Managing Director, Capital Markets,
congratulated the transaction team who contributed to the
successful completion of the deal. |
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“The “Deal of the
Year” award is a noteworthy achievement for FirstCaribbean
and our Trinidad and Capital Markets businesses,” he said.
“We are pleased to have won the globally recognized title,
having only launched both operations within the past three
years.”
The official award ceremony took place May 2, 2007 in
Manama, Bahrain. The award package includes a commemorative
crystal tombstone and a feature in the May 2007 issue of The
Banker magazine.
“Deal of the Year” titles for 2007 were awarded to financial
institutions in 60 countries across the globe from a pool of
650 applicants. Judging criteria for the honour range from
speed of deal execution to customer service quality.
FirstCaribbean Capital Markets continues to raise US$
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 unit’s product and service suite includes
Equity Underwriting, Syndicated Loans and Structured Finance
offerings.
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