Dolla Financial Services has listed $1.5 billion secured corporate bond on the Jamaica Stock Exchange bond market.
The listing, which took effect on March 31, comprises two tranches.
The first is valued at just over $951 million, at an interest rate of 11% maturing in 2029. The second totals approximately $548 million, carrying a 12% interest rate and maturing in January of 2031.
The company says the successful listing marks a key milestone in its strategy to diversify its funding-based and support continued expansion in the loan portfolio.
Dolla Financial also expressed appreciation to its lead arranger Mayberry Investments, along with other stakeholders involved in the transaction.
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