Sygnus Credit Investment has confirmed that its recent preference share offer was oversubscribed.
The company says however that it has extended the offer, as it seeks to upsize in order to take advantage of all subscriptions.
The Sygnus Credit Investments' Preference Share Offer which was to close on December 6, is therefore now set to close on Friday, December 15.
The company is looking to bring in up to US$20 million and J$800 million, across three classes of Preference Shares.
Sygnus says the funds will be used to expand its private credit portfolio, scale-up the business and achieve its strategic goals.
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