Indies Pharma Jamaica has raised $1 billion through a private placement arranged by NCB Capital Markets.
Chief Executive Officer Dr. Guna Muppuri says the bond carries an annual interest rate of 9.5%.
The funds will refinance an $805 million bond that became due this month, with the remainder to be invested.
The funds will go towards constructing a new headquarters and a 136-square-foot-warehouse and office complex in Iron Shore, Montego Bay.
Dr. Muppuri says, after refinancing, about $125 million will remain available for investment.
comments powered by Disqus
_logo.png){kind=logo}
All feeds
