Perpetual Cumulative Redeemable Preference
Shares by Sygnus Credit Investments Limited
ISSUER
Sygnus Credit Investments Limited
ISSUER CREDIT RATING
The Issuer has been rated by CariCris, the Caribbean Premier Rating Agency with a rating of JmBBB+ (Stable outlook)
LEAD ARRANGER
Sygnus Capital Limited
CO-ARRANGER/LEAD BROKER
JMMB Securities Limited (“JMMBSL”)
REGISTRAR & PAYING AGENT
Jamaica Central Securities Depository Limited (“JCSD”)
INSTRUMENT
Cumulative Redeemable Preference Shares across two (2) classes of shares:
(a) JMD Perpetual Cumulative Redeemable Class H Preference Shares (“Class H”)
(b) USD Perpetual Cumulative Redeemable Class I Preference Shares (“Class I”)
with Terms of Issue (as applicable) as set forth in Section 20
CURRENCY
(a) Class H – JMD
(b) Class I – USD
SCI PERPETUAL CUMULATIVE REDEEMABLE PREFERNCE SHARE OFFER
| CLASS | NO. OF SHARES | PRICE PER SHARE | YIELD | CALL OPTION | DOLLAR VALUE OF SHARES |
| H | 12,000,000 | J$100.00 | 10.00% p.a. | 15 Years | J$1,200,000,000.00 |
| I | 2,000,000 | US$10.00 | 8.00% p.a. | 15 Years | US$20,000,000.00 |
DIVIDEND FREQUENCY AND PAYMENT DATE
Classes H & I – Quarterly on a 30/360 day basis
MINIMUM SUBSCRIPTION:
| (a) Class H – 500 JMD Preference Shares |
| (b) Class I – 50 USD Preference Shares |
Check out our prospectus for more details and contact your broker today before making an investment decision.
Note: The above summary information is derived from, and should be read in conjunction with, the full text of this Prospectus. The summary does not contain all the information that may be important to prospective Investors.
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Sygnus Credit Investments (SCI),
The Pinnacle of Regional Private Credit
Sygnus Credit Investments (SCI), a stalwart in the regional private credit industry has over US$200.0 million in Total assets, excluding the underlying portfolio of Acrecent Financial Limited (AFL) and is considered best-in class within the region.
EXPERIENCE UNRIVALED GROWTH
Over the years, SCI has consistently demonstrated its ability to sustain exceptional financial performance, evidenced by record-breaking investment income and net profits, while growing its assets north of US$200.0 million. SCI exceeded the US$5.0 million total revenue mark in a single quarter for the first time in its short history as at Q1 September 2024, achieving a record US$5.1 million in total investment income and US$4.9 million in net profits. These milestones underscore our unwavering commitment to delivering shareholder value, further evidenced by total dividends paid exceeding the US$15.0 million mark since inception, reflecting our dedication to rewarding investor trust.
ELEVATE YOUR PORTFOLIO WITH UNWAVERING STABILITY
Recognized for our unwavering stability, SCI achieved a CariCRIS credit rating of jmBBB+ on the Jamaican national scale and CariBBB- on the regional scale with a stable outlook in 2023, which was reaffirmed in July 2024. This emphasizes SCI’s level of creditworthiness relative to its peers and highlights the expectation that SCI will continue to demonstrate strong financial performance.
DIVERSE PORTFOLIO, INFINITE OPPORTUNITIES
SCI’s asset growth is continuously supported by a diverse portfolio of interest earning assets. With a portfolio spanning 19 industries across 10 territories, SCI’s investments provide unparalleled diversification. The investment in Puerto Rico has created additional diversification into new industries and has opened the door to the Spanish speaking Caribbean.
TRANSPARENCY, PRUDENCE, CONFIDENCE
SCI remains committed to ensuring a robust governance structure and sound risk management procedures at all levels of the business including day-to-day investment decision-making. Strong risk governance protects the interests of shareholders and ensures compliance with legal and regulatory requirements. SCI’s dedication to prudence, risk management, and transparency is rooted in the 3i Principles that guide our culture – Integrity, Independence and Innovation.
EXPERIENCE UNRIVALED GROWTH
DIVERSE PORTFOLIO, INFINITE OPPORTUNITIES
TRANSPARENCY, PRUDENCE, CONFIDENCE
INVEST IN THE CARIBBEAN’S GROWTH
Secure your stake in the region’s future by investing in Sygnus Credit Investments’ Perpetual Cumulative Redeemable Preference Shares. Your investment fuels vital financing for businesses across the Caribbean, driving economic growth and regional resilience.
Be part of the transformative power of private credit. Join us in powering the next wave of Caribbean success—invest today!
All Applications To Participate In The
SCI Preference Share Offer Will Be Received Electronically
Applications for Shares shall be made through the Jamaica Money Market Broker’s Moneyline™ Platform (see Appendix 3 for details). Payment for US$ Shares and J$ Shares subscribed for must be made in US$ and J$ respectively (subject to the right of the Company to accept payment for Shares in either currency). Prospective investors who do not have access to the Moneyline™ Platform may contact their respective brokers for instructions on how to apply for shares.
APPLY NOW
Investing in preference shares involves risk. The Prospectus contains information you should know before investing, including information about risks. Applicants should read the Prospectus, including the risk disclosures set forth in Section 9 of the Prospectus and consult your broker or other investment professionals before making an investment decision.
