On June 24, 2025, the Jamaica Inventory Alternate (JSE) welcomed Barita Investments Restricted (BIL) to the Alternate because it listed seven (7) tranches of bonds on the JSE’s Bond Markets.
These senior unsecured fixed-rate bonds of Barita Investments Restricted have been revealed on March 19, 2025, with the Presents opening on March 28, 2025, and shutting on Might 26, 2025. The Firm raised US$20 million and roughly JA$3.74 billion, for a complete of $7.94 billion, from the Supply, making it collectively the biggest Supply raised for 2025 and the biggest whole IPO bond provide!
Together with the seven (7) bonds, the variety of securities listed on the JSE’s Bond Market elevated to sixteen (16). The itemizing of the seven tranches elevated the entire new securities listed for the 12 months to 14 new listings, in comparison with the JSE’s funds of 15 new listings for the 12 months. The BIL’s IPO Bond Supply elevated the entire quantity of capital raised from IPOs for the 12 months to $21.68 billion raised from the market. That is the third (third) bond IPO and the fifth (fifth) itemizing for 2025. Based mostly on these listings, the entire variety of listed securities elevated to 161. On itemizing, every tranche of the BIL’s bonds commenced buying and selling at US$1 / JA$1.
Dr. Marlene Road Forrest, Managing Director, JSE, in her welcoming remarks, lauded BIL on its achievement. “I’m happy that you can be right here at the moment to take part within the itemizing of not one however seven (7) tranches of bonds on the JSE’s Bond Market. We’re excited to have BIL, which is a listed firm that has listed its atypical shares on the principle market, now itemizing these bonds on the Bond Market. In reality, BIL has utilized all of the markets of the Alternate, which is a testomony to their perception within the Inventory Alternate as an avenue for mobilizing capital.”
She additional added, “The success of the Supply will be attributed partly to the lead dealer Barita Investments Restricted. I wish to thank all of the entities concerned in taking firms from conception of the plan to lift capital available on the market by to the precise fulfilment and to the itemizing ceremony. The market works, and I’m encouraging extra firms to capitalize on the facility of the market to energise companies and impact strategic initiatives by elevating capital.”
Mr. Ramon Small Ferguson, Chief Government Officer, Barita Investments Restricted, expressed his gratitude to everybody for his or her help and reiterated Dr. Road Forrest’s assertion that “Barita Investments is not any stranger to the market.” He spoke about BIL’s first foray into the capital markets with their IPO in 2010. “Since then, we’ve returned to the JSE’s Capital Markets 4 occasions; twice for rights points in 2019, that’s, March and September respectively, each have been oversubscribed. We opened the capital markets in 2020 with our landmark APO, elevating a report $13.5 billion. On the time, it was a really daunting transaction. This was then adopted by one other APO that raised $10.8 billion. Subsequently, we make use of the markets to lift capital for funding. We thank the traders for the boldness they’ve positioned in us. It’s not a accountability that we take frivolously. We’re fiduciaries of your cash. We’ll proceed to be accountable and prudent and make your cash be just right for you,” Mr. Small Ferguson emphasised.
Ms. Terise Kettle, Senior VP, Funding Banking, in her closing remarks acknowledged, “In 2018 alone, U.S. capital markets raised $2.4 trillion for companies by company debt and fairness issuance. This isn’t only a quantity; it’s a strong illustration of how capital markets can act as engines of financial development. Allow us to proceed to channel financial savings into productive investments, whereas offering quick, medium, and long-term funding. Allow us to proceed to help Jamaican companies by empowering visionary monetary options. Barita Investments Restricted stays resolute in its mission to create worth, encourage confidence, construct belief, and unlock new avenues for development.”
