Due to overwhelming demand, the board of directors of Mayberry Jamaican Equities (MJE) Limited is exercising the option to up-size the invitation as outlined in the bond prospectus dated May 3.

In a statement to the media on Wednesday (June 12), MJE has also extended the closing date of the bond offering.

Originally scheduled to close on June 7, the new closing date is now set for June 21 at 4:30 pm.

This extension provides prospective investors with additional time to finalise their investments and
participate in the IPO.

However, MJE reserves the right to close the offer earlier, with notice to be posted on the Jamaica Stock Exchange website.

“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,” commented Dan Theoc, senior vice president of investment banking at Mayberry Investment.

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.

The decision to up-size and extend the bond offering is a testament to the company’s proactive approach to meeting investor demand and ensuring the success of its strategic initiatives.