News & Resources

Nassau, Bahamas, May 1, 2023: Colina Financial Advisors Ltd. (CFAL) successfully completed refinancing of the $134.4 million Nassau Cruise Port Ltd. (NCP) bond on Friday, April 28th. The award-winning investment management firm raised $145 million on behalf of the cruise port operator by refinancing its eight percent unsecured bond and issuing a six percent unsecured bond. The team accepted applications for the offering between April 17 – 28, 2023. Executives of the cruise port anticipate that the refinancing will save the company about $3 million per year. Over 300 investors participated in this highly anticipated opportunity including existing NCP bond subscribers. These investors were encouraged to make additional subscriptions during the offering, which were received on a first come, first-served basis. The minimum investment required to buy into this time-sensitive offering was $50,000, with the option to invest in increments of $10,000 thereafter. The first interest payment will occur on December 31, 2023. Investors will receive interest payments twice annually (in June and December) until the bond matures on June 30, 2040. Angelo Butler, Senior Financial Analyst, confirmed that “Our target for the bond refinancing was $145 million, so we are extremely pleased with the response from the investment community. We want to thank the existing and new bond subscribers for their continued trust in CFAL, and to assure them that their assets will remain in the most capable hands until the bond matures.” Nassau Cruise Port utilized the initial bond proceeds to transform the port into a world-class, family friendly waterfront destination. The redevelopment effort included berth repairs & expansion and the creation of new attractions, entertainment, and food & beverage spaces to draw Bahamians and visitors to the reimagined downtown Nassau. The port project is anticipated to serve as a catalyst for further redevelopment of the area. Nassau Cruise Port will celebrate its official grand opening with a series of events celebrating the best of The Bahamas at the end of May. *** Colina Financial Advisors Ltd. (CFAL), established in 1997, is a leading provider of investment management, pension administration, retirement planning, corporate advisory, saving, and wealth management solutions in The Bahamas. The award-winning CFAL team has helped individuals and institutional investors secure their financial futures through research, innovation, expertise, and integrity. CFAL also offers free financial advice through the CFAL Talks podcast, which is available at cfal.com and on Apple and Google Podcasts. In 2022, CFAL celebrated 25 years of growing wealth for generations of Bahamians. Learn more about our client-centric approach at www.cfal.com.

Nassau, Bahamas, October 3, 2022: Colina Financial Advisors Ltd. (CFAL) has been named Top Pension Administrator - The Bahamas in the M&A Today Global 2022 Awards. Winners are selected based on their domestic and international work according to a comprehensive set of criteria. The judging process focuses strongly on the complexity and strategic significance of the work conducted, which underlines the importance of the recognition of each winner. The awards are presented annually by EMG Publishing, U.K., to highlight global firms” that are truly leaders within their chosen areas of specialization.” Votes for the winners are received from readers around the world in 163 countries. “We are very pleased and honored to have been chosen as the winners of this prestigious award,” said Anthony Ferguson, President of CFAL. “I wish to express my sincere gratitude to those who voted for us and most importantly to our team, without whom this achievement would not have been possible. It is wonderful to have our hard work recognized. These glorious moments inspire us to work even harder to deliver the best service to our highly valued clients. We look forward to many more incredible moments like this one as we strive to continuously improve our performance.”

CFAL, established in 1997, began offering pension administration services upon its inception and is widely considered the leading pension administration firm in The Bahamas. This award-winning team has designed customized pension plans for over eleven thousand participants. In addition to providing this service, CFAL also offers free financial advice through the CFAL Talks podcast, which is available at cfal.com and on Apple and Google Podcasts. This year, the CFAL team celebrates 25 years of growing wealth for generations of Bahamians.
 
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Colina Financial Advisors Ltd. (CFAL) is a leading provider of investment management, pension administration, retirement planning, corporate advisory, saving, and wealth management solutions. Established in The Bahamas in 1997, CFAL has helped individuals and institutional investors secure their financial futures through innovation, expertise, and integrity. Learn more about our client-centric approach at www.cfal.com.

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