SYGNUS CREDIT INVESTMENTS Limited, SCI, issued credit to an additional six companies in the December quarter, bringing its deals since inception to 16, and is signalling that it has more prospects lined up.
Sygnus Group has expanded into a second location on Phoenix Avenue dedicated solely to its subsidiary, Sygnus Tax Advisory Limited, the only financial advisory firm in the Caribbean to offer its clients a full suite of tax services.
At the Sygnus Business at Breakfast forum launched Wednesday at the Terra Nova Hotel in Kingston, CEO of Sygnus Credit Investment Ltd, Berisford Grey shared with the Jamaica Observer that the company is the largest listed private credit investment company in the Caribbean, with more than US$38 million in capital.
Sygnus Credit Investments, SCI, is looking to real estate and going beyond Jamaica’s boundaries to make more money for its investors. A property fund is being created for the purpose, but Berisford Grey, CEO of SCI’s management company Sygnus Capital, says it’s too early to relay the details.
The many changes in the tax landscape are likely to have material impact on businesses and their tax structures. Shareholders will therefore need to give greater consideration to their company structures in order to ensure there are no “perceived abuses” in their businesses.
As we work to advance regional economic growth and unlock new investment opportunities, it is time for Caribbean businesses to rethink their approach to the capital market.
The top people in business in 2018 made loads of cash, provided new jobs while inspiring other Jamaicans to think big.
Island Car Rental (ICR) has listed a $2.2-billion bond issue aimed at raising capital for the expansion of its Montego Bay facility in addition to refinancing existing debt.
Island Car Rentals Limited has secured a $2.2-billion arsenal from a bond issue that will be pumped into expansion of the company’s Montego Bay operations, and used to replace existing bank debt.
After securing $1.1 billion on the bond market, adventure tour company Mystic Mountain will be adding two more rides to double its service capacity, and pay off higher-cost debt taken on two years ago.
