PRODUCERS of the ‘Jamaica Gold’ sugar brand secured J$2.8 billion in financing from three structured notes arranged through Scotia Investments Jamaica Ltd to assist with sugar-cane reaping.
The deal gives a glimpse into the volume of cash required to finance the island’s most valuable crop. What’s more, these short-term notes were sourced locally rather than the traditional route through an overseas bank, according to Major Hugh Blake deputy general manager at Jamaica Cane Products Sales Ltd (JCPS) an agency that markets local sugar including the Jamaica Gold brand.
Published in the Observer
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