Tranche II closes having been oversubscribed

Mayberry Investments has announced the closure of another tranche of its four tranche bond issue.

The brokerage and investment outfit announced today the closure of Tranche II, as at 2:00 pm yesterday (January 17). Mayberry said it had received applications in excess of J$1.25 billion for its Tranche II Secured Bonds in its bond issue.

As a result of the closure, only Tranche I remains open for subscription as Tranche IV, Tranche III and now Tranche II have been closed, having been oversubscribed.

Mayberry noted that, based on the predetermined basis of allotment, applications that meet the requirements set out in the Prospectus will be accepted on a “first come first served basis”.

The bond offer for Tranche I is scheduled to close on January 20. However, Mayberry reserves the right to close early once each of the tranches of bonds offer is fully subscribed.