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The March/April 2009 issue of Global Trade Review-GTR will feature the Best Deals of 2008, an annual feature in the magazine.
GTR Best Deals of the Year have built up a reputation for being extremely selective, with an average of only around 30 to 40 deals chosen for each year.
The following criteria should be followed when submitting deals for the awards:
- The deal must have been closed and reached final signing within 2008 – not a day before or after. If there is a secondary/general syndication involved, then the deal must have progressed until the closing/signing of this stage of syndication before being submitted. Initial underwriting of a deal is not enough.
- Deals must have trade or export finance elements. Project finance deals can be submitted but will then be considered and judged on their export content as to their relevance and suitability.
- The geographical nature of the deal should be emerging markets, not developed ones. It is GTR’s final judgment as to which countries fall into this category. For instance, countries included for consideration would include ‘better’ risks such as Turkey, Romania, Bulgaria, Chile and Malaysia, although not ‘safer’ ones such as Poland, Czech Republic, Baltic States or South Korea.
- As a guide, winning deals could be chosen on the basis of all or some of the following attributes: large loan amount; length of tenor; number of lenders or financial institutions involved; novel or innovative financial risk mitigation; hedging or legal structure; the deal closes in the face of severe political or economic barriers; the deal witnesses a significant step up the arranging ladder for a particular financial institution/s; it illustrates significant progress for a country in terms of international acceptance and reputation.
- Include all banks (not just your own institution), law firms and insurance participants in each deal, plus the margin, tenor, loan amount/s, fees, details of the structure, and why you think it stands out and should receive an award.
- Institutions are encouraged to submit candidates for awards by December 19, 2008. Then, any late submissions must then be received by January 12, 2009. No further submissions will be considered after this date.
Please submit your deal below:
For any further details, contact Rebecca Spong, Editor, on rspong@exportagroup.com
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