It appears that Bear Stearns the famous investment banking house is going to handle the $220,000,000 bond offering that Trump Ocean Club is going to require to move ahead towards completion if Panama approves it. Apparently more conventional sources of financing have failed to come up with the money. Bear Stearns has come in and saved megaprojects before, noteably the White CAP in the Dominican Republic. Can Bear Stearns bail out the Trump Ocean Club? Roger Khafif the Panama partner for the Trump Project has stated that the project is already 70% sold out as reported in the papers. I...
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