Technology Awards 2005
TECHNOLOGY AWARDS 2005
On June 2, 38 banks, technology vendors and service providers gathered at the Café Royal on Regent Street, London to celebrate their success among the 180 entries received for The Banker Technology Awards 2005 .
The Banker Awards 2005
Western Europe: Grupo Santander
With the Abbey acquisition, Santander has become the leading player in Western Europe and one of the top banks worldwide.
Deals of the Year 2005
Argentina
Tecpetrol’s $170m asset-backed export-secured term loan facility
ABN AMRO and FMO were joint bookrunners
In the first syndicated loan transaction out of Argentina since the beginning of the country’s economic crisis in 2001, Argentine oil company Tecpetrol secured a $170m facility from ABN AMRO and Dutch state-owned development bank FMO. Tecpetrol took advantage of the improving international market for Argentine oil exporters to access foreign debt financing, thereby extending the company’s debt maturities and reducing interest payments.
The deal was singled out for its ground-breaking progress towards reopening the syndicated loans market for Argentine borrowers. The facility mitigates political risk through the de facto special status provided by the FMO umbrella under its asset-backed programme and through an export secured structure.
