Mayberry Jamaican Equities (MJE) has announced the successful over-subscription of its MJE Bond Offering, a significant development in Jamaica’s financial market. This news, reported on September 19, 2025, signals strong investor confidence in MJE’s financial strategies and the broader Jamaican economy. In parallel financial news, Seprod Limited is currently considering a dividend payment, adding another layer of interest for shareholders and market observers.
MJE Bond Offering Surpasses Expectations
The MJE Bond Offering, which had a prospectus dated August 8, 2025, officially closed on September 18, 2025, at 4:30 p.m., having been oversubscribed. This indicates a robust demand from investors, exceeding the amount MJE sought to raise. The details of the Basis of Allotment are set to be published on the Jamaica Stock Exchange’s (JSE) website. MJE expressed gratitude to all participants for their involvement, acknowledging the crucial role played by its partners and team members in achieving this success.
Mayberry Jamaican Equities, managed by Mayberry Asset Managers Limited, is a subsidiary of Mayberry Group Limited. This bond issuance aimed to refinance existing debt and expand its investment portfolio. The company had previously sought to raise between $1 billion to $1.5 billion through this secured bond issuance, with two tranches offering interest rates of 8.75% for 13 months and 9.25% for 23 months, respectively. The bonds are secured by ordinary shares of Supreme Ventures Limited, MJE’s largest asset.
This successful offering follows a pattern of strong investor reception for MJE’s bond issuances. In a similar event in June 2024, MJE raised $3.375 billion through three tranches, which was also oversubscribed. The funds from past offerings have been used to refinance debt and expand its investment portfolio.
Seprod Limited Considers Dividend Payout
In a separate but related financial announcement, Seprod Limited has indicated that its board of directors will consider the payment of a dividend at a meeting scheduled for September 29, 2025. While specific details of the potential dividend were not disclosed, this consideration is a notable piece of news for Seprod shareholders. Seprod has a history of paying dividends, with its last ex-dividend date reported as May 22, 2025, and an annual dividend of 1.82 JMD per share. The company’s financial performance in recent periods shows a focus on maintaining shareholder value, though specific Q1 2024 results indicated a decline in net profit year-over-year.
Broader Market Activity on the Jamaica Stock Exchange
The recent announcements from MJE and Seprod Limited occur against a backdrop of active trading and reporting on the Jamaica Stock Exchange (JSE) for September 18-19, 2025. The JSE reported on various other companies, including Eppley Caribbean Property Fund Limited SCC, Lumber Depot Limited, Mayberry Group Limited, JMMB Group Limited, IronRock Insurance Company Limited, CAC 2000 Limited, and Sagicor Group Jamaica Limited.
Additionally, the JSE released its bond indices and stock market indices for September 19, 2025. On September 18, 2025, the JSE Index closed at 318,729.03 points, showing a slight decline of 0.19%, while the All Jamaican Composite Index also saw a decrease. Other indices, such as the JSE Select Index and the JSE Financial Index, showed modest gains on the same day. These movements reflect the dynamic nature of the Jamaican stock market. The overall business news from Jamaica highlights continued activity and investor engagement across its key financial entities.