Sygnus Credit Investments Limited (SCI) – Board Approval to Raise Capital

Posted: December 2, 2019 at 6:57 pm

Sygnus Credit Investments Limited (SCI) has advised that at a Board of Directors’ meeting held on November 14, 2019, approval was granted for the Company to increase the capital raise to up to J$4,500,000,000.00 (US$35,000,000.00).  This follows SCI’s prior advisory of its Board approval for the Company to raise up to J$1,200,000,000.00 (or USD equivalent) in debt.

SCI has further advised that the capital raise will be done in various tranches and may take the form of Bonds, Loans, Notes or Preference Shares.

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