Durrant Pate/ Contributor

In an Our Today business news follow-up, Mayberry Jamaican Equities (MJE) has announced that its $2.2-billion bond issue has been oversubscribed and closed on June 19.

Due to overwhelming demand, the bond offer was up-sized to $3.3 billion. The basis of Allotment of the offer will be published on the Jamaica Stock Exchange’s website at www.jamstockex.com. 

MJE has thanked all applicants that participated in this offering and to congratulate all MJE partners and team members that have been crucial in making this bond offering a success.

The bond offer was originally scheduled to close on June 7 but was extended to today, June 21, to give prospective investors with additional time to finalise their investments and participate in the IPO. 

However, the demand was so overwhelming that it was closed two days ahead of the extended deadline. This bond offering is part of MJE’s strategic initiatives to strengthen its capital base and support its growth objectives. 

The funds raised will be utilised to further diversify and enhance MJE’s investment portfolio, contributing to the company’s long-term vision of delivering superior value to its shareholders.

Mayberry Investment Senior Vice President of Investment Banking Dan Theoc said, “We are very excited that the offer has generated such interest. We are ensuring that customers have adequate time to take advantage of the bond offering and make the right tranche decision for them.”