CFG to Meet Fixed Income Accounts

Caribbean Financial Group (CFG), a holdco for consumer finance companies in Panama and the Caribbean, is meeting with fixed-income investors starting today via JP Morgan with the intention of selling a144A/RegS offering market conditions permitting. CFG is commencing meetings in Los Angeles before heading to London next Monday, Boston on Tuesday, and wrapping up Wednesday in New York. CFG offers consumer loans to the low-income segment of its Island Finance subsidiaries in Aruba, Bonaire, Curacao, St. Maarten, and Trinidad & Tobago. CFG also owns Financiera el Sol which operates in Panama. CFG finances operations with a single commercial credit line and is looking at the debt capital markets to substitute bank financing with long-term debt bond issuance, S&P says. CFG is rated B minus by S&P and Fitch.