March 21, 2022
Proven Investments Limited (PROVEN) has advised that the Company intends to issue Bonds in an aggregate amount of approximately Three Billion Jamaican Dollars (J$3 billion) through two USD-Indexed Bonds.
The Bonds will be issued in two separate tranches:
- Tranche A – Secured USD-Indexed Bonds of up to the Jamaican Dollar equivalent of Four Million United States Dollars (US$4,000,000.00).
- Tranche B – Unsecured USD-Indexed Bonds of up to the Jamaican Dollar equivalent of Sixteen Million United States Dollars (US$16,000,000.00).
For further details visit www.jamstockex.com
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.