Sygnus Credit Investments Limited (SCI) – Board Approval to Raise Capital

• Sygnus Credit Investments Limited (SCI) has advised that, at a meeting of their Board of Directors held on May 16, 2019, approval was granted for the Company to raise up to J$1.2Bn (or USD equivalent) in debt. 
• SCI further advised that the capital raised will be done in various tranches and may take the form of Bonds, Loans, Notes or Preference Shares.
• The Company also advised that two senior managers sold a total of 86,000 SCI shares on May 21, 2019.

 (Source: JSE)