Mayberry Investments Limited (MIL) said it has fully allotted subscriptions for the Mayberry Jamaican Equities (MJE) bond initial public offering (IPO).

MIL served as the lead broker and arranger for the Mayberry Jamaican Equities (MJE) bond, which raised $3.375 billion after an upsizing from its original target of $2.35 billion.

“In line with the terms outlined in the prospectus, the initial goal was to raise J$2,250,000,000, with an option to increase the offering up to J$3,375,000,000, contingent upon investor demand. Mayberry is pleased to confirm that this target was not only met but exceeded with a total over J$3,375,000,000,” the company wrote in a release.

“The strong investor response has enabled us to provide a full allotment of their subscriptions to all applicants on a first-come, first-served basis,” it added.

MIL said it will provide details regarding the final basis of allocation on its website, mayberryinv.com, as well as that of the Jamaica Stock Exchange, jamstockex.com.

MIL and its MJE subsidiary has expressed gratitude to all participants in the bond, noting that their “support and confidence have played a crucial role in the success of this bond offer.

“We deeply value the trust you have placed in us and are dedicated to advancing our mission of ‘profit with purpose.’ We are committed to ensuring that our achievements continue to yield positive contributions to our community and stakeholders,” the investment firm said.