The Tribune

THE Bahamas International Securities Exchange (BISX) yesterday confirmed the listing of Colina Holdings (Bahamas) $30 million worth of Class A Preference Shares on the exchange, bolstering its secondary market.

There are now seven securities listed on the BISX secondary market, which features bonds, warrants and preference shares issued by public companies listed on its Main Board.

Keith Davies, BISX's chief executive, said: "Colina Holdings Bahamas has had a long history with the exchange, and we are happy to list this secondary issue from them. Colina Holdings (Bahamas) has been listed on BISX since the exchange began trading in May 2000.

"By listing these preference shares on the exchange, Colina Holdings (Bahamas) is allowing its preference shareholders increased liquidity through being listed on the nation's only stock exchange.

"The shares are available to a much wider base of investors than if the shares were traded in the over-the-counter market. In addition, investors benefit from having a centralised meeting place for buyers and sellers, which allows an investor in the Class A Shares to see all buy and sell orders in this security, as these are posted to the BISX website daily."

Colina Holdings (Bahamas) vice-chairman, Emanuel M. Alexiou, said: "The successful placement of these securities on BISX will afford Colina Holdings (Bahamas) an opportunity to develop relationships with new investors and continue to grow our liquidity over time."