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Michael Anderson

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‘Appetite for more’: Deals for $150m in capital eyed

A Bahamas-based investment banker has revealed three further capital raisings, each worth between $20m-$50m, are set to launch this year while asserting: “There’s definitely appetite for more transactions.”

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BISX-listed Fund eyes restart for dividends after 15-year gap

The BISX-listed Bahamas Property Fund’s Board will within the next month receive a recommendation to resume investor dividend payments after a 15-year hiatus following completion of its $8m preference share financing.

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BISX-listed Fund ‘stabilises’ with commitments for $8m

The BISX-listed Bahamas Property Fund has “stabilised” occupancies and rental rates at its flagship property “for the first time” in almost a decade amid expectations its current $8m capital raise will be fully subscribed.

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$50m target for RF private equity fund

A Bahamian investment bank yesterday revealed it is launching a private equity fund that aims to raise up to $50m over the next three-five years for “investments in possibilities” post-COVID.

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‘Get off sidelines’ on $200m raises

Investors were yesterday urged to “put capital to work” for The Bahamas to escape a post-COVID slump as more than $200m worth of projects prepare to come to market in 2022.

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‘Pent-up’ demand to invest post-election

Significant “pent-up demand” should fuel an increase in Bahamian capital market investment activity heading into 2022 with over $400m in transactions at various stages of readiness, a top banker said yesterday.

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$50m record inflow ‘excellent problem’

An investment banking chief yesterday said record capital inflows of more than $50m received by his institution during 2021’s first four months have created “an excellent problem” it must now solve.

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BISX-listed fund eyeing first dividend in decade

The BISX-listed Bahamas Property Fund could next year pay its first dividend for a decade if it can capitalise on momentum from a new government tenant to hit a 70 percent average occupancy.

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$200m capital raising eyed for ‘bigger year’

Up to $200m could be raised “in one of the bigger years” for the Bahamian capital markets, a leading investment banker has predicted of 2021, despite the protracted recovery from COVID-19.

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Bahamas told: Break $2bn banking logjam

The Bahamas must break the $2bn-plus logjam in its commercial banking industry to overcome a key “drag” that will undermine its post-COVID recovery, a top investment banker warned yesterday.

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BISX Index off over 100 points in just 11 days

The Bahamas International Securities Exchange’s (BISX) All-Share Index suffered a more than 100-point drop in 11 days last month - a period coinciding with the failed CIBC FirstCaribbean deal.

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Digital to become 'dominant part' of RF group's plans

A Bahamian-headquartered investment bank's top executive yesterday predicted digital assets will eventually become "a dominant part of our business" as it unveiled its tie-up with a technology provider.

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Rebranded bank targets 40% managed asset rise

A Bahamian investment bank is targeting up to 40 percent growth for its assets under management by the mid-2020s as it eyes expansion into territories such as Jamaica "over the next year".

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Stop 'dictating' FDI direction, banker warns

The Bahamas must be more willing to open up to foreign direct investment (FDI) in non-traditional areas to have any hope of paying-off rising US dollar debt, a top investment banker is arguing.

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$6m investor injection 'biggest in over a year'

A Bahamian investment bank yesterday revealed that investors injected “the biggest monthly sum that we’ve seen for over a year” into its mutual funds immediately upon the easing of COVID-19 restrictions. Michael Anderson, RoyalFidelity Merchant Bank

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Restrictions halt bank's $20m in outflow deals

RoyalFidelity’s president yesterday praised the Central Bank for “trying to get ahead” of foreign reserves stress via measures that will curtail $20m in outflows facilitated by the merchant bank last year.Michael Anderson told Tribune Business that t

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Bahamians raiding pensions for funds

An investment banker has cautioned Bahamians against using pension monies and retirement savings as emergency funding to ride out the COVID-19 pandemic.

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$200m in deals ‘slide’ on COVID-19 impact

Deals worth a collective $200m are likely to “slide back” into 2021 due to the fall-out from the COVID-19 pandemic, a prominent Bahamas-based investment banker conceded yesterday.

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