Sygnus’ Berisford Grey – Listed in Loop Jamaica’s Hot in 2023: Standout personalities in business
Sygnus’ Berisford Grey – Listed in Loop Jamaica’s Hot in 2023: Standout personalities in business
Sygnus Credit brings in US$50m capital raise
(Jamaica Observer Article: Kingston, Jamaica)
Despite seeking a new round of funding close to the yuletide season and in one of the quietest years in recent times on the Jamaica Stock Exchange (JSE), Sygnus Credit Investments Limited (SCI) was able to rake in US$50.25 million (J$7.78 billion) to fund its pipeline of private credit deals and next round of growth.
The St Lucian registered company had published its cumulative redeemable preference share prospectus on November 13 where it had sought US$25.10 million (J$3.99 billion). The offer which opened on November 20 and had an original closing date of December 6 was extended to December 15 due to the offer being oversubscribed. It’s now been revealed on the basis of an allotment published on Friday that SCI’s three classes of preferred shares received US$51.05 million (J$7.91 billion) in applications from investors.
SYGNUS CREDIT INVESTMENTS PREFERENCE SHARE OFFER 102 PER CENT OVERSUBSCRIBED, RAISING J$8B
Sygnus Credit Investments Limited (“SCI” or the “Company”), a Caribbean leader in private credit, raised a record J$8.0 billion equivalent (J$1.6 billion and US$40 million at 160:1 JMD/USD exchange rate) from its public offering of JMD and USD preference shares, resulting in the offer being oversubscribed by 102%. The Company received 3,214 orders that amounted to J$1.7 billion and US$40.3 million respectively for the multi-tranche dual-currency cumulative redeemable preference shares (the “Preference Shares” or the “Offer”).
Peta-Gaye Simpson: Building a better Jamaica from conception to completion
(Jamaica Observer Article, Kingston, Jamaica)
“I believe that we are on target to being the most developed country in the Caribbean. Currently, there is a surplus of new residential projects and a promising pipeline of upcoming commercial ventures. However, there is untapped potential for further growth in the industrial and institutional sectors. What I’d like to see is more investment in construction for these sectors, and renovations to better the overall country.”
A seasoned professional in the field of construction and process management, Peta-gaye Simpson has roots which trace back to her start in the city Kingston.
Sygnus, Carbyne Capital and Kiwanis Club of CyberConnect Jamaica donate gifts to children’s hospital for Christmas
Sygnus, a leading alternative investments firm in the region, and the Carbyne Capital Investments team, joined hands with the Kiwanis Club of CyberConnect Jamaica to spread festive cheer at the Bustamante Hospital for Children with over 450 gifts on Thursday, December 14
The growing role of private credit in modern financing: What you need to know
(OUR Today – Feature Article) In the dynamic landscape of modern finance, traditional investment avenues are no longer the sole players in the market. Alternative investments, particularly private credit, have emerged as a powerful catalyst, transforming the way businesses secure funding and investors seek returns. As we navigate an era marked by economic uncertainties, Sygnus is at the forefront of this transformation, offering a unique perspective on the evolving role of private credit.
SYGNUS CREDIT INVESTMENTS ANNOUNCES CUMULATIVE REDEEMABLE PREFERENCE SHARE OFFER
Sygnus Credit Investments Limited (“SCI” or the “company”) an entity under the Leading Alternative Investments firm, Sygnus Capital Limited (“Sygnus”), has announced its Dual Currency Cumulative Redeemable Preference Share Offer (the “Preference Share Offer”) of US$20 million and J$800 million, across three (3) classes of Preference Shares.
SYGNUS REAL ESTATE FINANCE LIMITED COMPLETES SPANISH PENWOOD, NEARS ONE BELMONT COMPLETION AND LOOKS TOWARDS LAKESPEN
Sygnus Real Estate Finance Limited (“SRF” or the “Company”), a specialty real estate investment company, which uses flexible capital (debt and equity) to unlock value in real estate assets across the industrial, residential, commercial, hospitality and infrastructure segments, released its financial results for the financial year ended August 31, 2023 (“FYE Aug 2023”). SRF reported a book value per share of J$23.89 for FYE Aug 2023, compared with J$23.24 per share last year, while net profit attributable to shareholders was J$211.44 million compared with J$692.95 million last year. The company’s average return on equity over its 4 years since it began operating was 22.9%.
Sygnus invests US$1,500 in Amplified Studios’ ‘Reading N’ Reasoning’ initiative to advance male literacy
Sygnus has reaffirmed its dedication to advancing literacy and critical-thinking skills among young boys through its recent partnership with Amplified Studios’ ‘Reading N’ Reasoning With 500 Boys’ initiative.
SYGNUS STANDS FIRM IN ITS SUPPORT OF THE FIGHT AGAINST BREAST CANCER THROUGH A DONATION OF J$500,000 FOR SCREENING AND FINANCIAL AID
Sygnus, the leading alternative investments firm in the Caribbean, stands unwavering in its commitment to support the battle against breast cancer, the most commonly diagnosed cancer and the second-leading cause of cancer-related deaths. On Tuesday, October 10, 2023, the firm made a generous donation of J$500,000 to the Jamaica Cancer Society (JCS) and its affiliated organisation, Jamaica Reach To Recovery (JR2R).