Mayberry Investments Limited, a licensed securities dealer, announced the release of a Secured Bond Initial Public Offer (IPO) Prospectus. The invitation to the public is for 4 tranches of 1,250,000,000 of Secured Bonds at a price of J$20,000 with each tranche having differing interest rates and tenor.
Further details about the offer can be found at https://www.jamstockex.com/wp-content/uploads/2022/11/Mayberry-Bond-IPO-Final.pdf
With this announcement the company plans to raise capital of up to J$5,000,000,000 with an option to up-size to J$7,000,000,000. The Company will apply to the JSE to list the Secured Bonds on the Bond Market Platform of the JSE.
Mayberry Investments Limited is a licensed securities dealer and has been a member of the Jamaica Stock Exchange since 1985 receiving revenues from Treasury operations, Asset Management and Investment Banking.
The Company intends to use the proceeds to expand its portfolio of securities loans and for general corporate purposes.
The invitation opens on December 02, 2022 and closes on January 06, 2023. Applications for the offer should be in increments of $10,000 with a minimum purchase of $20,000. The following selling agents have been appointed:
JMMB Securities Limited
Proven Investments Limited
Sagicor Investments Jamaica Limited
Interest will be due and payable quarterly on December 30, March 30, June 30, and September 30 in each year.
| Tranche I | Tranche II | Tranche III | Tranche IV |
Amount | $1,250,000,000 | $1,250,000,000 | $1,250,000,000 | $1,250,000,000 |
Interest rate (per annum) | 9.25% | 10.00% | 11.00% | 12.00% |
Tenor | 13 months | 18 Months | 24 Months | 36 Months |
Interested parties should contact a Financial Advisor.
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Summary: Mayberry Investments Limited, announced the release of a Secured Bond Initial Public Offer (IPO) Prospectus.
| Mayberry Investments Limited Secured Bond |
Minimum subscription | J$20,000.00 |
Increments | J$10,000.000 |
Registered Office | Jamaica |
Listing | JSE Bond Market |
Purpose | The Company intends to use the proceeds to expand its portfolio of securities loans and for general corporate purposes. |
Duration | December 02, 2022 - January 06, 2023 |
Selling agents | JMMB Securities Limited, Proven Investments Limited and Sagicor Investments Jamaica Limited |
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