Pursuant to Appendix 3 (the Listing Agreement) Jamaica Broilers has advised that the Company raised J$850,000,000 through the issue of two (2) bonds arranged by BCW Capital.
The issue date for the bonds were November 1, 2012 for tow (2) years, and on December 5, 2012 for five (5) years. The interest rate on the first bond was 10.5% fixed for two (2) years. And the interest rate on the second bond was 9.5% fixed for two (2) years and floating at 90 day WATBY plus 250bps thereafter (for the remaining three (3) years of that bond).
The moneys raised, are to be used to fund the Company’s working capital requirements and the execution of important capital projects.
We attach herewith the pursuant to section 6 of Appendix 3, a copy of the Private Placement Memorandum, Form XD F-1 filed with the Financial Services Commission and a copy of the Indicative Term Sheet.
