Publicly-listed premiere property developer, Century Properties Group Inc. was recently cited by The Asset’s Board of Editors for having the best structured trade finance solution of Php4.2 billion for several buildings situated in its three master-planned communities, “avoiding negative carry of traditional funding route, as well as mitigating single event risk by financing all said projects concurrently.”
“Our company thanks The Asset for recognizing our efforts in creating the best financial solutions for our needs as a fast-growing real еstatе company. This award underscores Century’s commitment to build a good track record in raising finance and achieving a strong financial performance for the company, to give the best value to its shareholders,” Antonio said.
For the said transaction Standard Chartered was the Mandated Lead Arranger &Bookrunner for the US Dollar and Philippine Peso tranches, while Taiwan Cooperative Bank was the Arranger of the US Dollar tranche. Primeiro Partners’ Stephen Sieh is the company’s financial adviser.
Century Properties is the sole winner of the said award category and only one of three Philippine companies to be honored in the 2014 regional awards, which 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 towards the elite community of leading corporate and financial decision makers in Asia.
In the last five years, Century Properties has developed premium market leadership through design and partnering with world-renowned brands such as Trump for the Trump Tower at Century City, Missoni Home for Acqua Livingstone, Versace Home for Milano Residences, John Hitchcox and Philippe Starck through yoo inspired by Starck for AcquaIguazu residences, and Armani/Casa and Studio Daniel Libeskind for Century Spire.
Source: Manila Standard Today | May 9, 2014