PROVEN Investments Limited (PROVEN) intends to issue Bonds in an aggregate amount of approximately Three Billion Jamaican Dollars (J$3billion) through two USD-Indexed Bonds. This is the Jamaican Dollar equivalent of Twenty Million United States Dollars (US$20,000,000).
The Bonds will be issued in two separate tranches:
- Tranche A – Secured USD-Indexed Bonds of up to the Jamaican Dollar equivalent of Four Million United States Dollar (US$4,000,000.00).
- Tranche B – Unsecured USD–Indexed Bonds of up to the Jamaican Dollar equivalent of Sixteen Million United States Dollars (US$16,000,000.00).
The Bonds are registered under the FSC Exempt Distribution Guidelines and are to be issued in favor of Accredited Investors as defined in the guidelines or to investors participating via the Minimum Purchase Amount exemption stated in the guidelines.