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CFAL Launches Offering for EA Energy’s Renewable Energy Projects in Abaco and Eleuthera

Nassau, Bahamas, April 1, 2024: Colina Financial Advisors Ltd. (CFAL) is pleased to announce that it is facilitating the bond and equity offering for EA Energy, the company selected by the Government of The Bahamas to develop renewable energy plants on the islands of Abaco and Eleuthera. This offering will provide both debt and equity financing for the project. The offering will commence on Tuesday, April 1, 2025, and will remain open until Wednesday April 16, 2025. The corporate bonds offered will feature a semi-annual interest rate of 8%, with the first interest payment scheduled for October 30, 2026. These bonds will mature on April 30, 2045. This initial offering will target institutional investors, primarily the likes of pension funds and mutual funds that provide access to investments for thousands of investors, However, CFAL will conduct a retail offering to the public at the end of the second quarter, whereby individuals will be able to invest $1,000 or more into the project. EA Energy aims to raise $132.5 million to support the development of two separate power plants – one for each island – designed to improve the reliability and sustainability of electricity in Abaco and Eleuthera. These plants will use a combination of liquified natural gas (LNG) and solar energy, helping to meet the growing energy needs of these communities while also promoting environmental sustainability. Investors interested in in subscribing should visit www.cfal.com/offerings to view the offering memorandum, term sheet, application instructions and forms. Investors with questions can contact registrar@cfal.com and are encouraged to follow our social media pages for further updates regarding the retail offering.

CFAL Completes Oversubscribed $100 Million Bond Offering for Bahamas Grid Company Ltd.

Nassau, Bahamas, July 26, 2024: Colina Financial Advisors Ltd. (CFAL) successfully completed a $100 million bond offering for Bahamas Grid Company Ltd., the company formed to work alongside Bahamas Power and Light (BPL) to upgrade and maintain the transmission and distribution system on New Providence (the T&D System). The offering was open to the public from July 15 - 26, 2024. However, because of strong demand from the investment community the offering was oversubscribed. Angelo Butler, Manager, Corporate Advisory Services, stated, “The bond offering was extremely successful. Due to strong response, we reduced allocations for some institutional investors to ensure all retail investors were accommodated. We extend our gratitude to investors for their continued confidence in CFAL.” Bahamas Grid Company is embarking on upgrades to the T&D System in the amount of $130 million, $30 million of which was already raised by CFAL in the second quarter of 2024. When the foundational upgrades are complete, the company will continue to repair and maintain poles, wires, and substations on New Providence, partnering with BPL to enhance the reliability, resiliency, affordability, and sustainability of power for all residents and businesses on New Providence. Progress of these grid activities will be shared by the company on its soon-to-be launched website. The Senior Unsecured Bonds will pay a semi-annual interest rate of eight percent and will mature on July 31, 2044.

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CFAL Global and Local Economic Review Q4 2024

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CFAL Global and Local Economic Review Q3 2024

The economic environment post-COVID has been highly inflationary for several reasons. Some attribute the rise in costs to increased prices post-pandemic, while others assign blame to corporate greed. Regardless of the perspective, the cost of living...

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CFAL Global and Local Economic Review Q2 2024

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CFAL is a leading provider of pension administration, retirement planning, corporate advisory, investment management, saving, and wealth management solutions. Since 1997, we have helped corporations, governments, institutions, and individuals worldwide to secure their financial futures through innovation, expertise, and integrity. Learn more about our client-centric approach at www.cfal.com.

For media inquiries, contact us at info@cfal.com.

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