Port of Spain, Trinidad.
|Loan signing: From left, sitting: David G. Inglefield– Director, ANSA McAL Parent Board and Adrian Ford– Managing Director, ANSA Merchant Bank Limited execute Loan Notes, witnessed by (standing, from left) Richard Jones – Group Financial Controller, W. Keith Welch – Corporate Secretary & Registrar of ANSA McAL Limited, Larry Howai – Chief Executive Officer, First Citizens Bank Limited and David Dulal-Whiteway – Managing Director, Republic Bank Limited.|
ANSA Merchant Bank Ltd (AMBL) was the lead arranger of a $295M loan for ANSA McAL Limited. The Loan Note was arranged by AMBL and featured participation from two other financial institutions, First Citizens Bank and Republic Bank Limited. Issued at the end of December 2006, the notes are of short tenure and attractively priced in keeping with the security of the ANSA McAL Group.
The participation of three of the Caribbean’s foremost banking institutions in this significant transaction is a tangible demonstration of financial confidence in the region’s fastest growing conglomerate. “This transaction will facilitate the Group in the restructuring of existing loans at more favourable rates and terms” stated David G. Inglefield, ANSA McAL Parent Board Director /Group Marketing Director/Sector Head- Distribution.
Adrian Ford, Managing Director – AMBL also commented on the bank’s relationship with First Citizens Bank and Republic Bank Limited, saying “It’s great to partner with the region’s lead banking institutions, who understand our business and are willing to collaborate and provide strong financial support.”