Colina Financial Advisors (CFAL) yesterday announced the oversubscription of FOCOL Series E preference shares, which exceeded its target by $6 million. CFAL said in anticipation of high demand, investors were encouraged to submit applications quickly as the shares – placed at a rate of 6.25 percent – would be offered on a first come, first served basis.
The government is positioned to enter into an agreement with Bahamas Utilities Holdings Limited (BUH), which is partnering with Shell Bahamas Power Company, for the generation of utility-scale solar energy and liquefied natural gas (LNG) for distribution by Bahamas Power and Light (BPL). Guardian Business understands that BUH – a wholly owned subsidiary of FOCOL