Miami, FL (PressExposure) June 23, 2008 -- Trump Ocean Club Receives Prestigious Award from THE BANKER MAGAZINE. The Banker Magazine âDeal of the Year Awardâ is a distinguished competition that recognizes successful transactions on a global scale. Earlier this year, Trump Ocean Club Panama was awarded the prestigious prize as the âlandmark deal: being the first single-building project financing from Latin America to be executed in the international bond markets â was priced in some of the worst market conditions in recent history.â With a record amount of entries this year, the award is swiftly becoming one of the most competitive platforms in the marketplace.
The Banker Magazine stated that, âThe âTrump Ocean Clubâ deal was structured to utilize its strong pre-construction receivables to finance the construction of the building. Despite the extreme market volatility, the deal attracted more than 35 investors from a diverse geographical pool and the bond has performed well in the secondary markets.â
The âDeal of the Year Award,â judged by a panel of editors from The Banker, is awarded to significant financial transactions, not to actual banks. The award goes to the worthy transaction within that city or country with winners determined by level of innovation, overall client response and whether it successfully entered a new market. The monetary scope of the transaction is not necessarily a deciding factor.
The Banker Magazine also recently added a yearly event which takes place in Bahrain, where participants are honored for their achievements. For approximately five years, âThe Bankerâ has been inviting banks from cities and countries all over the world to participate, making this competition one without geographic boundaries.
The Banker Magazine stated, âThe past 12 months have been turbulent for the banking sector. Despite the consequences of the credit crunch on structured credit models and transaction flows, both international and local banks have once again brought an impressive number of deals to the attention of The Bankerâs judges. The global, regional and country winners have been picked from the 447 transactions submitted from 93 countries around the world.â
For more information please visit: http://www.thebanker.com/news/fullstory.php/aid/5735/Country_Winners_H-R... Visit TRUMPOCEANCLUB.COM for more information or call 1-877-89 TRUMP PRESS CONTACT: Victoria@americasmediagroup.com or 305-572-9883 x317. Press Release Distribution By PressReleasePoint