Mayberry Investments Limited (MIL), a top-tier vanguard in the financial arena, sets a new standard with the introduction of the Mayberry Jamaican Equities (MJE) Bond Initial Public Offering (IPO).
This landmark initiative signifies a significant milestone for Mayberry Jamaican Equities (MJE) as it seeks to raise capital through the issuance of secured corporate bonds across three tranches.
MJE boasts a diversified portfolio of local Jamaican stocks, meticulously curated to foster economic growth. At its core stands a dedicated team committed to its tagline, "profit with purpose," embodying an ethos that combines financial success with a meaningful impact.
With an initial principal amount of J$2.2 billion and the option to increase to J$3.3 billion, this offering underscores Mayberry's steadfast dedication to fostering innovation and providing investors with unparalleled growth opportunities. Christopher Berry, Chairman of Mayberry Group Limited, described the Bond IPO as a paradigm shift in the investment landscape, offering not just bonds but a gateway to transformative investment possibilities that redefine financial prosperity.
"Mayberry's dedication to empowering investors and fostering sustainable growth remains steadfast. The MJE Bond IPO marks a significant milestone in our ongoing efforts to redefine the financial landscape and pave the way for a future where prosperity knows no limits. We are proud to offer this opportunity, not only to safeguard our investors' futures but also to contribute to the development and progress of our nation," remarked Chairman of Mayberry Investments, Christopher Berry.
Scheduled from May 3, 2024 to June 7, 2024, the subscription period offers investors an exclusive opportunity to participate in this historic venture, reflecting Mayberry's commitment to democratising wealth creation. The MJE Bond IPO presents investors with bonds backed by ordinary shares in a diverse basket of companies traded on the Jamaica Stock Exchange (JSE), ensuring a robust and reliable investment avenue. With three tranches offering varying coupon rates ranging from 9.25% to 10.50% per annum, investors can tailor their investments to match their objectives, with tenors ranging from thirteen (13) to thirty-six (36) months.
Mayberry plans to list the bonds on the JSE, enhancing liquidity and investor accessibility. The proceeds from the Bond IPO will refinance existing debts and fuel the expansion of MJE's investment securities portfolio, unlocking new avenues for sustainable growth and value creation.
Interested investors can access the prospectus and additional information on the offering from the Mayberry’s website (www.mayberryinv.com) or www.profitwithpurposeja.com and the JSE website (www.jamstockex.com).