Century Properties Group Inc. recently won the 2014 Triple A Transaction Banking-Treasury, Trade & Risk Management Award from The Asset publication. The publicly listed premiere property developer was cited by The Asset’s board of editors for having the best structured trade finance solution of P4.2 billion for several buildings situated in its three masterplanned communities, “mitigating single event risk by financing all said projects concurrently.” For the transaction, Standard Chartered was the mandated lead arranger and bookrunner for the US dollar and Philippine peso tranches, while Taiwan Cooperative Bank was the arranger of the US dollar tranche.
The publication’s 2014 regional awards seek to identify corporations and banking institutions that have implemented the most effective and innovative treasury, cash management, capital and trade finance and risk management solutions in Asia. The Asset Publishing and Research Ltd. is a multimedia company geared toward the elite community of leading corporate and financial decision makers in Asia.
Source: The Manila Times | April 23, 2014