FosRich Eyes Guyanese Market Expansion with $900Mn Bond Raise

  • In a strategic move to tap into burgeoning demand in the Guyanese market, FosRich Company Limited has successfully secured $900Mn through a bond offering orchestrated by JN Fund Managers.
  • The funds from the bond issuance is earmarked to bolster FosRich’s operations in Guyana, where the company aims to cater to the surging demand for PVC pipes and electric transformer repairs. With Guyana embarking on an ambitious infrastructure development agenda, FosRich is strategically positioning itself to capitalize on the opportunities presented by the country’s robust growth trajectory.
  • Beyond catering to the demand for PVC pipes, FosRich is exploring additional avenues for expansion in Guyana’s burgeoning market. Leveraging its expertise in electricity transformer repairs, akin to its operations in Jamaica, the company is in advanced discussions with Guyana Power and Light Incorporated to formalize business collaborations in this domain.
  • In a bid to bolster its foothold in Guyana’s infrastructure landscape, FosRich has forged strategic alliances with industry players such as Huawei and China Harbour Engineering Company (CHEC). These partnerships entail the implementation of solar projects and the provision of essential supplies for infrastructure development initiatives, including the renovation of key transportation hubs and the construction of vital bridges.
  • As FosRich embarks on its expansion journey in Guyana, fueled by the recent bond raise, the company remains poised to seize emerging opportunities and contribute to the country’s dynamic economic landscape.

(Source: Caribbean National Weekly)