Sygnus Credit Investment Limited - Cumulative Preference Share Offer
Invest in SCI, The Caribbean Leader in Private Credit
Sygnus Credit Investments Ltd. is the largest publicly listed specialty private credit investment company in the Caribbean, with total assets of US$163.9 million, which includes the value of the acquisition of Acrecent Financial Corporation (AFC) in the US territory of Puerto Rico but excludes its underlying assets.
SCI provides alternative financing to middle-market businesses (“Portfolio Companies”) across the English, Dutch and Spanish-speaking Caribbean region and has deployed over US $251 million in gross investment commitments across the Caribbean.
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SCI has successfully raised US$65.8 million in equity capital during its first 6 years in operation. This was achieved through a private sale of shares to institutional and high net worth investors in 2017, an initial public offering (“IPO”) in 2018, and an additional public offering (“APO”) in 2020 and a preference share raise in 2022. The Company’s ordinary shares are listed on the main US dollar market and main JA dollar market of the Jamaica Stock Exchange.
On February 28, 2022, SCI acquired 93.7% of Acrecent Financial Corporation (AFC), which in June 2023 was increased to 95% of the private credit investment company in the US territory of Puerto Rico. The transformative nature of this transaction is highlighted by a record US$65.1 million in deployment across AFC’s portfolio as it capitalizes on the extensive opportunities in the Spanish-speaking territory.
Download the prospectus to read more
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Cumulative Redeemable Preference by Sygnus Credit Investments Limited
Offer Details
Open Date
Monday,
November 20, 2023
Closing Date
Wednesday,
December 6, 2023
| CLASS | NO. OF SHARES | PRICE PER SHARE | MINIMUM SUBSCRIPTION | YIELD | TERM | DOLLAR VALUE OF SHARES |
|---|---|---|---|---|---|---|
| C | 8,000,000 | J$100.00 | 500 | 10.50% | 2 Years | J$800,000,000.00 |
| D | 1,000,000 | US$10.00 | 50 | 8.00% | 2 Years | US$10,000,000.00 |
| E | 1,000,000 | US$10.00 | 50 | 8.50% | 3 Years | US$10,000,000.00 |
Investing in preference shares involves risk. The Prospectus contains information you should know before investing, including information about risks. Applicants should read the Prospectus, including the risk disclosures set forth in Section 9 of the Prospectus and consult your broker or other investment professionals before making an investment decision.
JMMB clients can apply now on JMMB Moneyline
Open your stockbrokerage account (JMMB EMMA)
If you do not already have a stockbrokerage account, you can start by opening your JMMB EMMA account with us, so that you can take advantage of this great opportunity to invest in Jamaica's social transformation., as well as other investment opportunities in the future. Getting started with JMMB is easy and we are here to help you every step of the way. Follow these simple instructions to start the process of opening your EMMA account.
If you need any assistance, please contact our Client Care Centre at (876) 998-JMMB (5662).
Our Client Care Centre opens:
Mondays - Saturdays: 8:00 a.m. - 9:00 p.m.
Sundays: 8:00 a.m. - 5:00 p.m.
Step 1 - Gather all your information
To open a JMMB Investments account, you will need:
- Client Information Form, Risk Tolerance Questionnaire and Portfolio Advisory Services Form
- One (1) piece of valid identification
- Two (2) references
- Tax Identification Number (e.g. TRN or SSN)
- Source of Funds Information
- Proof of Residential Address
Step 2 - Send us an email
Send us an email at newclient@jmmb.com with: the name of the JMMB product/service that you're interested in; the completed forms (Client Information Form, Risk Tolerance Questionnaire and Portfolio Advisory Services Form); along with the supporting information listed in Step 1.
Step 3 - Look out for a reply with further instructions and fund your account
You will receive an email confirming the receipt of the documents sent to us. Within two (2) business days, a JMMB representative will contact you to have a financial planning conversation and provide the next steps to complete your account opening process. Once the account is opened, fund your account with a minimum of J$25,000 and/or the amount needed to purchase the required shares (whichever is higher).