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$200m capital markets poised for ‘very big year’

A Bahamas-based investment banker says 2024 is poised to “be a very big year” for the capital markets with companies seeking to raise “at least a couple hundred million” to finance their growth.

Demand worries over Gov’t bond ‘competitive bid’ move

A Bahamas-based investment banker yesterday said “insufficient demand” means the Government is unlikely to lower its domestic debt costs through the launch of competitive bidding for its securities.

Bahamian bank in ‘new territory’ via $42m raise

A Bahamian investment bank yesterday said it has entered “new territory” by spearheading a pan-Caribbean $42m capital raise to fund the renewable ambitions of a conglomerate that owns the local Esso operation.

BISX fund eyeing up to $10m warehouse raise

A BISX-listed real estate yesterday said it plans to raise up to $10m within the next six months to finance development of its Carmichael Road warehouse after profits near-doubled during the 2023 first-half.

Electric car dealer eyes eventual IPO

A Bahamian electric car dealer will likely seek to go public within the next five to seven years if planned expansion targets are hit, its new 35 percent minority shareholder revealed yesterday.

‘No choice’ but to go Bahamian

The Government must build greater “trust and confidence” in its fiscal plan among Bahamian investors given it has “no choice” but to almost exclusively tap the local capital markets to meet its nine-figure deficit financing demands.

BISX fund 'back expanding' with $9m warehouse move

A BISX-listed real estate fund yesterday revealed it plans to invest up to $9m in developing its first New Providence warehouse and storage facility as it "gets back into expansion" again.

BISX-listed fund targets storage drive to $100m

A BISX-listed fund is entering New Providence’s warehouse and storage space market to help drive ambitions of more than doubling in scale to some $100m in assets.

BISX-listed fund targets asset-doubling to $100m

A BISX-listed fund is reviving ambitions to “more than double” total assets to over $100m by “looking more aggressively” for property acquisitions following its recent preference share refinancing.

BISX-listed fund still eyeing downtown parking solution

A BISX-listed fund yesterday declared its continuing interest in solving downtown Nassau’s parking woes by redeveloping the Registrar General’s former home as it renews ambitions to expand to a $100m property portfolio.

‘Appetite for more’: Deals for $150m in capital eyed

A Bahamas-based investment banker has revealed three further capital raisings, each worth between $20m-$50m, are set to launch this year while asserting: “There’s definitely appetite for more transactions.”

BISX-listed Fund eyes restart for dividends after 15-year gap

The BISX-listed Bahamas Property Fund’s Board will within the next month receive a recommendation to resume investor dividend payments after a 15-year hiatus following completion of its $8m preference share financing.

BISX-listed Fund ‘stabilises’ with commitments for $8m

The BISX-listed Bahamas Property Fund has “stabilised” occupancies and rental rates at its flagship property “for the first time” in almost a decade amid expectations its current $8m capital raise will be fully subscribed.

$50m target for RF private equity fund

A Bahamian investment bank yesterday revealed it is launching a private equity fund that aims to raise up to $50m over the next three-five years for “investments in possibilities” post-COVID.

‘Get off sidelines’ on $200m raises

Investors were yesterday urged to “put capital to work” for The Bahamas to escape a post-COVID slump as more than $200m worth of projects prepare to come to market in 2022.

‘Pent-up’ demand to invest post-election

Significant “pent-up demand” should fuel an increase in Bahamian capital market investment activity heading into 2022 with over $400m in transactions at various stages of readiness, a top banker said yesterday.

$50m record inflow ‘excellent problem’

An investment banking chief yesterday said record capital inflows of more than $50m received by his institution during 2021’s first four months have created “an excellent problem” it must now solve.

BISX-listed fund eyeing first dividend in decade

The BISX-listed Bahamas Property Fund could next year pay its first dividend for a decade if it can capitalise on momentum from a new government tenant to hit a 70 percent average occupancy.

$200m capital raising eyed for ‘bigger year’

Up to $200m could be raised “in one of the bigger years” for the Bahamian capital markets, a leading investment banker has predicted of 2021, despite the protracted recovery from COVID-19.

Bahamas told: Break $2bn banking logjam

The Bahamas must break the $2bn-plus logjam in its commercial banking industry to overcome a key “drag” that will undermine its post-COVID recovery, a top investment banker warned yesterday.

BISX Index off over 100 points in just 11 days

The Bahamas International Securities Exchange’s (BISX) All-Share Index suffered a more than 100-point drop in 11 days last month - a period coinciding with the failed CIBC FirstCaribbean deal.

Digital to become 'dominant part' of RF group's plans

A Bahamian-headquartered investment bank's top executive yesterday predicted digital assets will eventually become "a dominant part of our business" as it unveiled its tie-up with a technology provider.

Rebranded bank targets 40% managed asset rise

A Bahamian investment bank is targeting up to 40 percent growth for its assets under management by the mid-2020s as it eyes expansion into territories such as Jamaica "over the next year".

Stop 'dictating' FDI direction, banker warns

The Bahamas must be more willing to open up to foreign direct investment (FDI) in non-traditional areas to have any hope of paying-off rising US dollar debt, a top investment banker is arguing.

$6m investor injection 'biggest in over a year'

A Bahamian investment bank yesterday revealed that investors injected “the biggest monthly sum that we’ve seen for over a year” into its mutual funds immediately upon the easing of COVID-19 restrictions. Michael Anderson, RoyalFidelity Merchant Bank

Restrictions halt bank's $20m in outflow deals

RoyalFidelity’s president yesterday praised the Central Bank for “trying to get ahead” of foreign reserves stress via measures that will curtail $20m in outflows facilitated by the merchant bank last year.Michael Anderson told Tribune Business that t

Bahamians raiding pensions for funds

An investment banker has cautioned Bahamians against using pension monies and retirement savings as emergency funding to ride out the COVID-19 pandemic.

$200m in deals ‘slide’ on COVID-19 impact

Deals worth a collective $200m are likely to “slide back” into 2021 due to the fall-out from the COVID-19 pandemic, a prominent Bahamas-based investment banker conceded yesterday.

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