Belize's BB Holdings Places Notes with Chairman

Belize's BB Holdings Places Notes with Chairman

Caribbean

BB Holdings, a financial services company operating in Belize, Turks and Caicos Islands and the Caribbean, has placed $50m in 10% series 2 fixed rate, unsecured, loan notes with a maturity date of November 2, 2014. It also issued 1.1m warrants to subscribe for new ordinary shares of the company at an exercise price of $6.50 until August 2 2014. The notes and warrants were offered to certain existing non-US shareholders in BB Holdings Limited. UK businessman Michael Ashcroft – BB Holdings' chairm

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