CEIBA Investments Limited’s €25 Million Convertible Bond Issue

Carey Olsen acted for CEIBA Investments Limited, the first Cuban focused investment trust to list a convertible bond on The International Stock Exchange (TISE).CEIBA Investments Limited has announced the successful completion of a €25 million, 10%, senior unsecured convertible Bond Issue due for repayment on 31 March 2026. 

The proceeds of the issue will finance the completion of further tourism-related and commercial property projects in Cuba. 

CEIBA is a Guernsey registered closed ended investment scheme with a primary focus on Cuban real estate assets. T

Carey Olsen acted as Guernsey legal adviser and TISE listing sponsor for the issue. The team comprised partner Ben Morgan (Picture), associate Lisa Bailey and listings and company formation assistant Kate Everitt.

Involved fees earner: Lisa Bailey – Carey Olsen; Kate Everitt – Carey Olsen; Ben Morgan – Carey Olsen; Law Firms: Carey Olsen; Clients: CEIBA Investments Limited ;

Author: Giulia Di Palma