FESCO to get billion dollar boost

Listed company FESCO is getting a $1 billion boost in capital through a five-year bond facility.

The facility is listed on the Private Market of the Jamaica Stock Exchange.

NCB Capital Markets is the lead arranger.

FESCO says the funds will be used for general corporate purposes including the expansion of its dealership network.

The funds will also help the company delve into the cooking gas market, which it plans to do by April 2023. 

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