Mayberry Announces Over-Subscription and Closure of Tranche III Secured Bonds in Mayberry Bond IPO

Mayberry Investments Limited (MIL) announces that it has received applications in excess of J$1,250,000,000 as at January 12, 2023, for its Tranche III Secured Bonds in the Mayberry Bond IPO and as a result, is closing Trance III to new applicants at 2:00 pm. Tranches I and II remain open.

Please see the details of all the Tranches for ease of reference.

  OPEN OPEN CLOSED CLOSED
  Tranche I Tranche II Tranche III Tranche IV
Amounts (J$) 1,250,000,000 1,250,000,000 1,250,000,000 1,250,000,000
Tenor 13 Months 18 Months 24 Months 36 Months
Interest Rate 9.25% per annum 10.00% per annum 11.00% per annum 12.00 % per annum

Basis of Allotment: Applications that meet the requirements set out in the Prospectus will be accepted on a “first come first served basis”. See the Prospectus for further details on the Basis of Allotment in cases of over-subscription, and Mayberry’s option to up-size.

Closing Date: The Mayberry Bond IPO is scheduled to close on January 20, 2023, however Mayberry reserves the right to close early once each of the tranches of Secured Bonds is fully subscribed.

Mayberry Bond IPO Prospectus is available at: www.mayberryinv.com or www.jamstockex.com Persons interested in participating in the Mayberry Bond IPO should read the Prospectus before submitting an Application.

Selling Agents: The Selling Agents for the Mayberry Bond IPO are:
1. Proven Investments Limited
2. Sagicor Investments Jamaica Limited
3. Stocks and Securities Limited
4. JMMB Securities Limited
5. Scotia Investments Jamaica Limited