VM Investments has unveiled an ambitious bond offer aiming to raise roughly $5.43 billion to support its strategic growth plans.
The bond, which targets both retail and institutional investors, will refinance existing debt and fund new projects.
The offer includes three tranches.
The interest rates are 9.75 per cent per annum for 18 months; 10 per cent for 24 months; and 10.5 per cent for a two-year term that transitions to floating rates for an additional year.
Investors contributing over $5 million can earn up to $11.5 per cent.
VM Investments plans to list the bonds on the Jamaica Stock Exchange, increasing their marketability and liquidity.
Subscriptions open on December 19 and close on December 27.
VM Investments says this is a strategic move to enhance its growth and investment opportunities.
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