Dolla Financial Services has announced an extension of its bond period, citing the widespread impact of Hurricane Melissa across Jamaica, which has disrupted communities and slowed market activity.
The company says the closing date for the bond offer has been moved from November 13 to December 31.
Dolla, however, retains the right to close the offer earlier.
Under the bond prospectus, the company is inviting investors to participate in two tranches. Tranche I is $500 million at 11% per annum for three years and Tranche II is $500 million at 12% per annum for five years.
The company says it remains fully operational and continues to provide financial services on and wide, while also supporting recovery and relief, efforts in the community is hardest hit by the hurricane.
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