First Rock Capital Holdings Limited (FIRSTROCK) – Raises J$700 Million in Corporate Bonds

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First Rock Capital Holdings Limited (FIRSTROCK) has advised of the closure
of its Medium Term Secured 7.50% Bonds Due 2026. The Company successfully raised JMD 700,000,000. In commenting on the transaction, Co-Founder and CEO of the First Rock Group, Ryan Reid said “we are again delighted and humbled in the expression of confidence meted out to us. All participants in the bond were institutional investors. It shows that the capital markets are alive and well. This bond will further facilitate our regional growth strategy”.
FIRSTROCK further advised that the bond was arranged and brokered by Sygnus Capital to which Reid added “it’s always pleasure working with Sygnus, they have the expertise and a strong understanding of the markets”.
The Registrar and Trustee for the bond is the Jamaica Central Securities Depository (JCSD).