CFAL Successfully Completes $145M Nassau Cruise Port Bond Refinancing

Colina Financial Advisors Ltd. (CFAL) successfully completed refinancing of the $134.4 million Nassau Cruise Port Ltd. (NCP) bond on Friday, April 28th. The award-winning investment management firm raised $145 million on behalf of the cruise port operator by refinancing its eight percent unsecured bond and issuing a six percent unsecured bond. The team accepted applications for the offering between April 17 – 28, 2023.

Executives of the cruise port anticipate that the refinancing will save the company about $3 million per year.

Over 300 investors participated in this highly anticipated opportunity including existing NCP bond subscribers. These investors were encouraged to make additional subscriptions during the offering, which were received on a first come, first-served basis. The minimum investment required to buy into this time-sensitive offering was $50,000, with the option to invest in increments of $10,000 thereafter.

The first interest payment will occur on December 31, 2023. Investors will receive interest payments twice annually (in June and December) until the bond matures on June 30, 2040.

Angelo Butler, Senior Financial Analyst, confirmed that “Our target for the bond refinancing was $145 million, so we are extremely pleased with the response from the investment community. We want to thank the existing and new bond subscribers for their continued trust in CFAL, and to assure them that their assets will remain in the most capable hands until the bond matures.”

Nassau Cruise Port utilized the initial bond proceeds to transform the port into a world-class, family friendly waterfront destination. The redevelopment effort included berth repairs & expansion and the creation of new attractions, entertainment, and food & beverage spaces to draw Bahamians and visitors to the reimagined downtown Nassau. The port project is anticipated to serve as a catalyst for further redevelopment of the area.

Nassau Cruise Port will celebrate its official grand opening with a series of events celebrating the best of The Bahamas at the end of May.


Colina Financial Advisors Ltd. (CFAL), established in 1997, is a leading provider of investment management, pension administration, retirement planning, corporate advisory, saving, and wealth management solutions in The Bahamas. The award-winning CFAL team has helped individuals and institutional investors secure their financial futures through research, innovation, expertise, and integrity. CFAL also offers free financial advice through the CFAL Talks podcast, which is available at and on Apple and Google Podcasts. In 2022, CFAL celebrated 25 years of growing wealth for generations of Bahamians. Learn more about our client-centric approach at