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Access to raise $300m in bond offer


Large microlender, Access Financial Services, aims to raise $300 million in a bond offerto finance its growth prospects.

PROVEN Wealth will arrange the deal this month and subsequently list the notes on the Jamaica Stock Exchange.

“The note, which has a five-year tenure, pays a fixed interest rate of 11 per cent for the first two years and a variable rate thereafter,” PROVEN told the Jamaica Observer this week in a written message on the deal. The bond will target institutional investors this month.

Published in the Observer
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