Sygnus Bahamas SME Receivables Working Capital

approved

We are considering a US$10 million Working Capital (“WC”) line to Sygnus Investment Bahamas Inc. with a 5‑year tenor to finance Small and Medium-Sized Enterprise (“SME”) receivables in The Bahamas. The loan will be 100% guaranteed by Sygnus Credit Investments Ltd. Initially the obligator will be the government of The Bahamas, but they plan to gradually onboard stable blue chip private sector companies.This solution is anticipated to provide liquidity to SMEs in The Bahamas by purchasing short-term receivables with maturities ranging from three months to less than a year. Additionally, this WC line will deepen the local capital market by introducing new securities that offer liquidity to SMEs without them incurring additional debt. The IDB Invest will be providing funding as well as support to Sygnus in offering this flexible financing solution that traditional banks may be reluctant to support.