MJE succesfully raises $2.2 billion in secured debt

Wednesday, October 17, 2018

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MAYBERRY Jamaican Equities Limited (MJE) on Thursday announced via the Jamaica Stock Exchange that it has successfully raised $2.2 billion in secured debt through Sagicor Investments Jamaica Ltd.

The announcement comes a little over a week after MJE advised shareholders via the JSE that it had contracted Sagicor to raise the funds with a tenure of five years at a rate of 7.25 per cent.

In a conversation with the Jamaica Observer on Friday, Gary Peart, CEO of Mayberry, noted that MJE does not have a secured bond fund — an impression that may have been given in a previous news story on Thursday. “No additional funds are being sought at this time.”

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