ISP Finance Services Limited – Debt Raise

The Board of Directors of ISP Finance Services Limited confirms the issue of a secured bond on October 26, 2022 totaling J$470,000,000 to re-finance debt and for business expansion.   The bond was issued in the private placement market with a fixed coupon of 11.50% per annum for the first year and variable at Six (6) month WATBY plus 350 basis points after that subject to a floor of 11.00% throughout the life of the bond.   The bond matures on November 22, 2025.