Sygnus Capital Limited on Wednesday said that it recently closed a $1.1-billion investment-grade rated bond for Mystic Mountain Limited.

Start-up investment company Sygnus Credit reported profit of US$1.4 million for year ending June 2018.

Sygnus Credit Investments Limited (SCI) says it has completed its first investment since its recently closed US$20-million initial public offering (IPO) in May.

Sygnus Credit Investments (SCI), the private credit investment company managed by the Sygnus Group, listed two classes of shares on the Jamaica Stock Exchange (JSE) Main Market on Monday.

Tripling its initial subscription target of US$10 million to raise a total of US$33.5 million ($4.2 billion), Sygnus Credit Investments Ltd will on Monday list its shares on the main J$ and US$ market of the Jamaica Stock Exchange (JSE).

The IPO, which was aimed at raising US$10 million ($1.2 billion) tripled its subscription target, raising a total of US$33,558,213.40 ($4,216,180,103.56) for both share classes.

MegaMart principal acquires Dutch supermarket chain in Aruba, Bonaire and Curaçao. Ike Johnson, Head of M&A at Sygnus, structured the deal and led the negotiations.

Adventure tourism outfit Chukka Caribbean Adventures has its eyes locked on at least two more regional markets even as it expands and improves the offerings in Jamaica. To refinance existing debt and fund its growth ambitions, the company has issued a $2-billion dual currency bond that was arranged by Sygnus Capital, with Sagicor Investments Jamaica as co-arranger. 

With $1.2 billion in sight, Sagicor Investments has partnered with Sygnus Credit Investments as lead brokers in meeting its target on the initial public offering (IPO) which opened on last Wednesday.

The research team at JN Fund Managers (JNFM) led by Ramon Small Ferguson has advised its clients that “Sygnus Credit Investments Ltd (SCI) seems to present an attractive value proposition to investors”.