Itel BPO raises J$3.1 billion

Business Process Outsourcing company Itel has raised $3.1 billion  

Sygnus Capital was the lead arranger for the bond offer. 

Itel will use the money to complete strategic acquisitions, fund capital expenditures and other working capital purposes.

The company is hoping to build on its recent expansions to St. Lucia, Guyana, Honduras and the United States.