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Mayberry Investments Limited Secured Bond IPO Prospectus Released


Mayberry Investments Limited Secured Bond IPO
Mayberry Investments Limited Secured Bond IPO

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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