News & Resources

Nassau, Bahamas, July 15, 2024: Colina Financial Advisors Ltd. (CFAL) is pleased to announce it is facilitating a 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 commenced Monday July 15, 2024, and will remain open until July 26, 2024, with a settlement date set for July 31, 2024. These Senior Unsecured Bonds will pay a semi-annual interest rate of 8 percent, with the first interest payment scheduled for January 31, 2026, and they will reach final maturity on July 31, 2044. Bahamas Grid Company seeks to carry out initial fundamental improvements to the T&D System in the amount of $130 million, of which B$30 million was already raised during the second quarter of 2024. The company intends to partner with BPL to fix and manage poles, wires, and substations on New Providence to improve the reliability, resiliency, affordability, and sustainability of power to all Bahamian consumers. Investors interested in in subscribing should visit www.cfal.com/offerings to view the offering memorandum, term sheet, application instructions and forms.  

Nassau, Bahamas, June 18, 2024: Colina Financial Advisors Ltd. (CFAL) continues its steadfast support for youth athletics, donating $5,000 to the Bahamas Aquatics Federation’s 52^nd National Swimming Championships.   This premier event, taking place at the Betty Kelly-Kenning National Swim Complex from June 20-23, will see nearly 500 swimmers compete in the season’s final swim meet, which also serves as the last qualifier for the Paris Olympics.   Algernon Cargill, president of the Bahamas Aquatics Federation, expressed deep appreciation for CFAL’s ongoing support.   “We are very grateful to CFAL for its continued support of Bahamas Aquatics. Corporate sponsors tend to move more to track and field, but swimming is a sport that has really done the most. We are the only federation to win CARIFTA for six consecutive years in The Bahamas and in the region,” he said.   Cargill emphasized the impact of swimming on the academic development of young athletes, noting that more than 150 swimmers with GPAs of 3.5 and above will be honored this year.   “The support from corporate Bahamas goes a long way. It shows the commitment, and it shows that when the swimmers work hard, they will be rewarded through the support of corporate Bahamas,” he said.   CFAL’s latest donation follows a similar contribution to the 2024 CARIFTA Swimming Championships held in April.   Pamela Ferguson, Vice President of Investments at CFAL, highlighted the company’s dedication to community and nation-building through supporting youth sports.   “I think sports are such a valuable tool to aid in the development of our youth. I fell in love with swimming a few years ago when I had some family members who were competing, and I continue to love and support the sport,” she said.   “Swimming provides so many opportunities for our young people to travel the world for meets, and gain access to scholarship opportunities. Swimming helps to build their lives and in turn help to build the lives of others.”   CFAL’s contribution underscores its commitment to fostering youth development and athletic excellence in The Bahamas.