Sygnus Credit Investments is offering two classes of perpetual redeemable preference shares - Class H and I.
Class H is for $1.2 billion, upsizeable to $1.6 billion, while Class I is for US$20 million.
The offer will open at 9.00 a.m. on November 25 and close at 4.30 p.m. on December 12.
Sygnus Credit will convert the preference shares into preference stock units and list them on the Jamaica Stock Exchange after the offer is closed.
Sygnus Capital is the lead arranger, while JMMB Securities Limited is the lead broker.
The price per share for Class H, which is the $1.2 billion offer, is $100. The yield is 10% per annum and the minimum redemption period is 15 years.
Meanwhile, the price per share of the Class I US$20 million offer is US$10, the yield is 8% per annum and the minimum call period 15 years.
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