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CIBC FirstCaribbean and Credit Suisse as joint lead arrangers have successfully closed the recently announced US$146.5 million Government of Barbados Dual Currency Facility (US$ Blue Bond /BDS$ Blue Loan). CIBC FirstCaribbean acted as domestic lead arranger and sole lender for the BBD146.52 million (US73.26 million Blue Loan portion of the transaction and Credit Suisse acted as global lead arranger, underwriter and bookrunner for the US$73.26 million Blue Bond portion of the transaction. The Inter-American Development Bank (IDB) and The Nature Conservancy (TNC) acted as co-guarantors for the transaction. Credit Suisse and CIBC Capital Markets partnered as dealer managers for the buyback of the US$ 2029 bonds. Additionally, IDB is providing sustainability advisory services and TNC is providing conservation advisory services to Barbados. ....
The Board of FirstCaribbean International Bank Limited (CIBC FirstCaribbean) has announced the appointment of Mark St. Hill as the next Chief Executive Officer, subject to regulatory approval. St. Hill assumes the post on 1st November 2022, with the retirement of the bank’s current CEO, Colette Delaney, a release from the bank’s head office in Barbados states. In making the announcement, Chair of the Board of Directors, David Ritch, said: “We … ....