The AX Group is shortly expected to give details of its offer to Suncrest shareholders, who have the option of taking cash at the last traded price of Lm0.267 (October 30) or converting them to new 10-year bonds with early repayment options issued by AX iNvestments. The coupon rate will be 6.7 per cent. The offer is expected to raise LM5 million, Lm 4.16 million of which will go to AX Holdings (Lm1.37 million will be directed to projects), with the balance to go towards Capua Palace which generates over LM 150,000a year in rental income, which would go towards the bind payment.