MJE succesfully raises $2.2 billion in secured debt

Wednesday, October 17, 2018

Print this page Email A Friend!

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.”

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:

6. If readers wish to report offensive comments, suggest a correction or share a story then please email:

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon