| Nassau funds

NASSAU Cruise Port (NCP) has raised over US$130 million through its bond issue, which closed earlier this month.

The funds will help the Port undergo its proposed makeover, initially mooted as worth US$250 million (CW 04 Sep 2019).

The private offering was confirmed as oversubscribed by lead placement agent Colina Financial Advisors, with the project now planning to accommodate more investors.

“Our project will immediately produce much-needed jobs and support the creation of small and medium-sized businesses,” NCP said.