Jul 2014 Financial News

Jamaica Money Market Brokers - Private Placement Issuance

Jul 30, 2014

Jamaica Money Market Brokers Limited has advised that it has raised US$20,000,000.00 through the issue and private placement of unsecured extendible notes denominated in United States dollars. The offer was only available to Jamaican residents. The private placement offer closed on July 18, 2014 and will mature on July 18, 2016. Noteholders have an option to either redeem their notes on the Maturity Date or extend the maturity of their notes to July 18, 2019. The interest rate on the original note is 6.75% fixed for two (2) years and 7.75% on the Extended Notes.

Source:
Jamaica Stock Exchange
Wednesday July 30, 2014

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