JM | Mar 4, 2023

Mayberry Investments concludes BondBerry allocation

/ Our Today

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Mayberry Investment’s Oxford Road main offices in New Kingston. (Photo:

Mayberry Investments Limited is announcing that, as of January 20, 2023, applications for the BondBerry IPO have been received, subsequently processed, and accepted.

The IPO was opened on December 2, 2022, with an invitation for subscription of secured bonds having an aggregate principal amount of J$5 billion, comprised of four tranches of $1.25 billion each.

In a statement on Wednesday (March 1), the company indicated that each bondholder’s allocation has since been submitted to the Jamaica Central Securities Depository (JCSD), and the secured bonds have been uploaded to the applicant’s portfolio. Each bondholder will receive access to their accounts through their respective brokers, Proven Investments Limited, Scotia Investments Jamaica Limited, JMMB Securities Limited, and Sagicor Investments Jamaica Limited.

Mayberry informed its bondholders that special interest was paid and submitted to their brokers on their behalf.

“The Mayberry team is always working to find new ways to help investors grow their money. We are immensely appreciative of the support received on this Bond IPO, and it is our priority to ensure that your investment remains safe and secure and that it maximises its growth potential”
asserted Gary Peart, CEO of Mayberry Investments Limited.

Gary Peart, CEO of Mayberry Investments Limited. (Photo: Contributed)

Mayberry closed its bond IPO on January 20, 2023, after a two-week extension, with an overall over-subscription to its invitation amount allowing the company to raise approximately J$6.4 billion from the market.

Mayberry welcomes and thanks all bondholders and is now making final arrangements to officially list on the Jamaica Stock Exchange (JSE) on March 10, 2023.


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