Jamaica Money Market Brokers’ (JMMB's) $2 billion preference share offer opens on Monday.
It will officially get underway at 9 o'clock and is scheduled to close at 4 o’clock on Friday afternoon.
It is reported that there has been strong response from investors since the share offer was announced late last month.
JMMB's Group Marketing Manager, Imani Duncan, spoke with RJR News.
“Today is the first official day of our 2011 preference share offer for our clients and the wide investing public, as a great opportunity to take advantage of earning monthly income over the next five years…regardless of whether interest rates decline further for fluctuate,”
“Today is a very exciting day for us, we have quite a bit of commitments from clients and other investors in the preference share offer so today we are going to start beginning to process applications fully,” Ms Duncan said.
The company intends to use the proceeds from the share offer to further expand its operations.
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