Colm Imbert

‘better interest rate’: Colm Imbert

THE terms and condi­tions of the US$720 million syndicate loan being secured by Trini­dad Petroleum Holdings will be made public upon finalisation of legal documents, which is anticipated within the next week to ten days.

So said acting Prime Minister Colm Imbert as he addressed an urgent question from Uni­ted National Congress (UNC) Senator Wade Mark in the Senate, at Tower D, International Waterfront Centre, Port of Spain, on Tuesday.

Imbert said the finan­cing remains confidential subject to disclosure rules associated with the company’s exchange offer under US Security and Exchange Commission regulations.

Imbert said however he could provide some information.

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He said the tenure of the loan facility would range from three to seven years, and the amount in each tenure bucket would be finalised within the next seven to ten days.


This week, we at Bourse take a look at the financial performance of two major players in the Non-Banking Finance sector: Sagicor Financial Corporation Limited (SFC) and Guardian Holdings Limited (GHL), for the six-month period ended June 30th, 2019. 

LAST week saw 1,346,042 shares traded on first tier market, a decrease of 14.24 per cent on the previous week’s total of 1,569,519 shares crossing the floor. The value of the shares traded was up by 15.62 per cent to $14,347,690.73 from the previous week’s value of $12,409,110.29.

Thanks but no thanks. Wheel and come again. This is the message president of the Public Services Association Watson Duke has sent to UNC political leader Kamla Persad Bissessar, who on Tuesday called for unity with the trade union movement, ahead of next year’s general election.

THE Chief Executive Officer of the Heritage Petroleum Company Mike Wylie has taken leave of absence from the job on medical grounds. This was confirmed by chairman of Trinidad Petroleum Holdings Company (TPH) Wilfred Espinet, who said the CEO was on sick leave.