Sunshine fully places first 5m bond tranche

Mon, Oct 25th 2010, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

Sunshine Holdings plans to return to the Bahamian capital markets in the future, having fully placed the first $5 million tranche in its recent corporate bond offering - although it yesterday conceded that it withdrew the issue's second, longer-term maturity component.

Franklyn Wilson, the company's chairman, said that while the $10 million offering's 10-year tranche had been fully subscribed, it decided to withdraw the second tranche of 20-year bonds prior to the private placement's closure.

Pronouncing himself "pleased" with the outcome, Mr Wilson told Tribune Business: "We had designed this thing to do it in two tranc ...

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