San Fernando Teaching Hospital
The San Fernando Teaching Hospital possesses the equipment required for many cardiology procedures like echocardiograms (ECG), cardiac cauterisations and stress tests. It is the first public hospital built in 31 years. First Citizens played an instrumental role in providing short-term financing to mobilise the contractors quickly. During the construction period, we worked side by side with the Urban Development Corporation of Trinidad and Tobago (UDeCOTT), assuming the project risk and ensuring the mandate was fulfilled. The timely completion of this project allowed the Government to expand this much-needed service to the people.
Capital Markets Transactions
To complement our credit solutions, CIBU also offers off-balance sheet solutions for our clients that require larger non-traditional and specialised financing from the Captial Markets Unit. We specialise in debt-type financing solutions that are tailored to meet our clients’ particular needs.
Deals closed by the Capital Markets Team for the period 2015 – 2020. Click to view.
Private Sector Transactions
The Sunwing Travel Group
The Sunwing Travel Group is the largest vertically integrated travel company in North America. The Group manages over 16,000 rooms in 46 resorts located in 10 destinations throughout the Caribbean and Mexico, and owns two leading tour operators, an airline with more
than 40 aircraft, numerous travel retail businesses and a destination management company.
The Group has won numerous awards from TripAdvisor, Forbes and Consumer Choice Awards, just to name a few. First Citizens entered into a landmark deal with the Sunwing Travel Group as the first regional, sole financier providing funding in support of the Group’s development of the 456-room Royalton St. Lucia Resort. The relationship between the Bank and the Group is expected to deepen further as we partner with the Group on future acquisition and construction projects they undertake in the region.
Costa Rica Transactions
El Cafetal Corporate Center
We participated jointly with another financial institution in the structuring and financing of the “El Cafetal Corporate Center” which was an A class office park. The joint lenders financed US$125M
for this project.