Pan Jamaican Investments says it will be refinancing $600m of debt which came due last week.
The debt is part of $2.5b which was borrowed in 2012 to purchase a stake in Sagicor Life Jamaica.
Pan Jam paid $3b for the stake. However, of the portion that was borrowed, maturities were staggered from 2 to 5 years. The 2 year maturities, valued at $600m, became due on July 22 and Pan Jam refinanced that amount on July 23 for a further two years.
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