Panjam Investment Limited (PJAM) has advised that on June 1, 2017, in accordance with exemptions granted by the Financial Services Commission, successfully raised $2.687 Billion by way of a Private Bond Placement.
PJAM advised that the funds raised were allocated as follows:
- Tranche A – $1,195,000,000 (2020) – fixed at 8.25%
- Tranche B – $1,492,000,000 (2025) – fixed at 9% for the first four years, then varies at 2% above the 6-month Treasury Bill rates for the next four years.
