Funding & Private Placement

JMMB Goes To The Bank. Raises J$2.2 Billion In Private Placement

Jamaica Money Market Brokers Limited has gone fund raising again. This time they have raised US$20.0 million or J$2.24 billion* through the issue and private placement of unsecured extendible notes denominated in United States dollars.

This will definitely help to boost their funding (along with the preference share funds and other debt obligations), and since they now have their own commercial bank in Trinidad and all those glorious expansion dreams, who to tell what they be using all that extra cash to buy! Continue Reading

Funding & Private Placement