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Scotia Investments leads debt refinancing for T. Geddes Grant

Financial institution Scotia Investments Jamaica has lead a $1.4 billion refinancing for T. Geddes Grant.
 
T. Geddes says its refinancing efforts are to improve its market conditions and to strengthen its credit ratings.
 
It says the debt instrument will improve its competitiveness by investing in infrastructure, marketing and capacity-building.
 
Sarah Cumming, Vice President and Head of Capital Markets at Scotia Investments, said the company approached T. Geddes in May to strategise and agree on the approach for the refinance. 
 
Scotia Investments was the arranger for the maturing debt that was originally issued as notes in the private market under the Financial Services Commission Exempt Distribution Guidelines for "Accredited Investors" and "Minimum Purchase Amount".
 


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