NASSAU, BAHAMAS — Colina Financial Advisors Ltd. (CFAL) has closed the $100 million bond offering for Island Power Producers (IPP), accepting an additional $12 million in oversubscriptions, underscoring strong investor demand for the company’s LNG-powered shore-side energy project at the Nassau Cruise Port.
The offering closed on November 14, with investor confirmations scheduled to be emailed by Friday, November 21, 2025.
This bond offering follows the oversubscribed retail equity share raise completed in August through the CFAL Private Equity Fund, which secured $12 million in equity. With both equity and debt components now in place, IPP is positioned to advance the development of its LNG-powered, shore-side energy plant designed to supply clean and reliable electricity to cruise ships while docked in Nassau.
Angelo Butler, manager of corporate advisory services, said the performance of the two offerings—completed just months apart—demonstrates strong investor confidence in both the project and the broader future of LNG-powered electricity solutions in The Bahamas. He added that the results also reflect growing appetite within the Bahamian capital markets for innovative infrastructure investments.
“CFAL extends its sincere appreciation to the private and institutional investors who participated in the bond offering,” he said.
Erold Farquharson, CEO of Island Power Producers, also thanked investors for their support and reiterated the company’s commitment to delivering a world-class power plant and LNG facility in 2026.
