Lee Chin to redeem US$19m AIC bonds

Subject

News

Description

Billionaire investor Michael Lee Chin is three months ahead of schedule on debt repayment. Donovan Perkins, president and chief executive officer of Pan Caribbean Financial Services, says the early payment should comfort investors. AIC Barbados Ltd has signalled its intention to redeem another US$19 million owed to bondholders, but is not disclosing the source of the cash for the payment. The final US$60 million should be redeemed within another 16 months.

Creator

guardian.co.tt

Source

https://www.guardian.co.tt/article-6.2.340757.dcb415389a

Publisher

guardian.co.tt

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