MANILA, Philippines - Century Properties Group, Inc. recently won the 2014 The Asset Triple A Transaction Banking - Treasury, Trade & Risk Management Awards for having the Best Structured Trade Finance Solution in the Philippines. Photo shows Century Properties chief financial officer Jose Carlo R. Antonio with Chek Wee Lim of Standard Chartered Bank (left image) and Stephen Sieh, the company’s financial adviser from Primeiro Partners (right image) at the awards ceremony at the Four Seasons Hotel in Hong Kong.
The publicly-listed premiere property developer was 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 masterplanned communities, “avoiding negative carry of traditional funding route, as well as mitigating single event risk by financing all said projects concurrently.â€
“We thank The Asset for recognizing our efforts in creating the best financial solutions for our needs as a fast-growing real estate 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.
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