Last Thursday (April 10), VM Investments listed its bond offer on the Jamaica Stock Exchange (JSE)

Applications exceeded J$6.6 billion, spelling an oversubscription of J$1.2 billion.

The bond offer, which opened in late 2024, presented investors with three attractive tenors at competitive interest rates: 10.75 per cent per annum for 18 months, 11.00 per cent for 24 months, and 11.25 per cent for 36 months. This blend of short durations and high yields appealed to both institutional and small investors, affirming the market’s confidence in VMIL.

The proceeds from the offer will be instrumental in advancing VMIL’s strategic objectives. These include refinancing existing debt, bolstering its support for SMEs by addressing their capital needs, offering short-term bridge financing backed by securities, and freeing resources for strategic investments in real estate.

VM Wealth Management, a subsidiary of VMIL, served as the sole broker and arranger, playing a pivotal role in facilitating the offer’s success.

Our Today brings you these photos by Llewellyn Wynter from the JSE’s headquarters in downtown Kingston.