31.7m COB bond in Tuesday launch

Thu, Jun 9th 2011, 11:00 PM

The $31.7 million College of the Bahamas (COB) private placement bond offering is set to come to market next Tuesday, its placement agent expressing confidence that the issue would be "fully sold" within the 10-day offer period. Michael Anderson, Royal Fidelity Merchant Bank & Trust's president, said that based on initial feedback from targeted institutional and high net-worth investors, the issue was likely to be fully subscribed when it closed later this month on June 24. "From the initial indications that we've got back from investors it should be a well-received offering, and we have initial expectations that we'll get ...

Click here to read more at The Tribune

 Sponsored Ads