Invest in the Future of Jamaica
J$1.5 Billion Secured Bonds at 9.50% per annum.
36-month tenor with an option to up-size to J$2.25 Billion.
AMOUNT (J$) 1,500,000,000
INTEREST RATE
9.50%
TENOR
36 months
UP-SIZE OPTION 2,250,000,000
Mayberry Clients
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the bond offering
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Mayberry Jamaican Equities Limited (“MJE”) invites subscription of Secured Bonds having an aggregate principal amount of up to J$1,500,000,000.00 with an option to up-size to J$2,250,000,000,00.
The company’s Ordinary Shares have been listed on the Main Market of the Jamaica Stock Exchange since July 31, 2018.
- 9.50% Per Annum
Competitive fixed interest rate on secured bonds, providing stable, predictable returns over the bond period.
- 36-Month Tenor
Medium-term investment horizon with defined maturity. Bonds expected to be listed on the JSE Bond Market.
- Financial Covenants
Maximum Leverage Ratio (Net Debt ≤ 60% of Total Equity), Net Debt to Total Assets ≤ 50%.
- Secured by Collateral
Backed by an equities portfolio sufficient to maintain a minimum Collateral Coverage Ratio of 150%.
- JSE Listed Company
MJE has been listed on the Main Market of the Jamaica Stock Exchange since 2018. Full transparency and regulatory oversight.
- Up-size Option
Bond offering includes option to up-size from J$1.5B to J$2.25B based on demand.
Key financial requirements for the Secured Bonds as outlined in the Prospectus.
Covenant
- Maximum Leverage Ratio
- Maximum Leverage Ratio
- Net Debt to Total Assets Ratio
- Collateral
Requirement
- Net Debt not to exceed 60% of Total Equity
- No less than 150%
- No more than 50%
- Equities Portfolio sufficient to maintain minimum Collateral Coverage Ratio
Review the complete prospectus for detailed information about the bond offering, financial covenants, company information, and application guidelines.
