Mayberry Jamaican Equities is looking to raise J$1.5 billion through a new bond issue to refinance debt and expand its investment portfolio. 

The move follows the repayment of just under one billion dollars at an interest rate of 9.25 per cent on July 25. 

The company plans to issue two new secured bonds — one for $500 million at 8.75 per cent for 13 months, and another for $500 million, at 9.25 per cent, for 23 months — with the option to up-size the offer to $1.5 billion.

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