Sygnus Credit Investments is offering a $1.2 billion perpetual redeemable preference share, which can be upsized to $1.6 billion if necessary.
The company is also offering, a US$20 million preference share in two different classes.
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.
The company is the lead arranger, while JMMB Securities Limited is the lead broker.
The price per share for the $1.2 billion offer is $100, the yield is 10% per annum and the call or redeemable option is 10 years.
Meanwhile, the price per share of the US$20 million offer is US$10, the yield is 8% per annum and the call option 15 years.
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