32m allocated by RBC for COB projects

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April 08, 2011

RBC Royal Bank has provided $32 million for several projects in the works for The College of The Bahamas.
The Harry C. Moore Library and Information Centre required a total investment of approximately $30 million; of this, RBC provided a $23 million loan for the construction of the library. In addition, RBC provided another $8.7 million in financing for new multi-use facilities on the COB campus in Freeport.
“This project started with an initial construction loan being provided by RBC, which will be converted to long-term bond financing currently being arranged by Royal Fidelity,” said Brian Knowles, the lead banker on the deal for RBC. “RBC has had a long-st ...

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News date : 04/08/2011    Category : Nassau Guardian Stories

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