Mayberry Jamaican Equities Limited (MJE) is pleased to announce the launch of its Fixed Rate Secured Corporate Bond, (the MJE Secured Bond), marking another important step in the company’s capital market strategy.
Investors are invited to participate pursuant to the bond prospectus dated July 24, 2025.
This new offering mirrors the successful structure of the previous MJE Public Bond, reflecting continued investor confidence and demand. The previous Secured Bonds comprised approximately 450 bondholders. Tranche 1 of those bonds was repaid in full on July 31, 2025.
Bond Details
The new MJE Secured Bonds will be offered in two (2) tranches as follows:
Tranche I Tranche II
Amount (J$): 500,000,000 500,000,000
Interest Rate: 8.75% per annum 9.25% per annum
Tenor: 13 Months 23 Months
Collateral: Equities Portfolio sufficient to maintain the Minimum
Collateral Coverage Ratio.
Financial
Covenants:
(i) Maximum Leverage Ratio whereby Net Debt is not to
exceed 40% of Total Equity.
(ii) Minimum Collateral Coverage Ratio of no less than 150%
The Board of Directors authorised the Company to raise J$1 billion of Secured Bonds with the option to up-size to a maximum of J$1.5 billion in aggregate. The net proceeds from the Invitation will be used primarily to repay existing indebtedness.
Key Dates
● Registration & Publication Date: August 12, 2025
● Offer Opens: August 21, 2025
● Offer Closes: September 12, 2025
“We are excited to bring this opportunity to market,” stated Dan Theoc, SVP Investment Banking at Mayberry Investments Limited. “The success of our prior offerings and the level of early interest from MIL clients underscore the market’s trust in MJE’s performance and strategy. This new bond offering aligns with our ongoing objective to strengthen our capital structure and deliver long-term value to our shareholders.”
Mayberry Investments Limited will serve as Lead Broker & Arranger for the offer.
For more information or to apply, interested investors are encouraged to contact Mayberry Investments Limited or visit www.mayberryinv.com and to ensure they read the Prospectus dated July 24, 2025 in full.