VM Investments Lists New Bond Offering on JSE

(From left) Allison Mais, Chief Operating Officer at VM Wealth Management Limited, leads attendees at the VMIL bond listing ceremony in inspecting the digital strip signaling the official listing on the JSE during the listing ceremony for VMIL bonds on April 10.  Joining in the moment is Rezworth Burchenson, CEO of VMIL and VM Wealth; Michael McMorris, Chairman of VMIL; Marlene Street Forrest, Managing Director of the JSE; Courtney Campbell, Group President and CEO of the VM Group; Andre Gooden, Group Business Development Manager at the JSE; and Melissa Foster, Assistant Manager of Capital Markets at VM Wealth. In the back row is Brian Frazer, Deputy CEO, VMIL and VM Wealth and Denise Marshall-Miller, Assistant Vice President for Bond, Equity and Digital Assets Trading at VM Wealth. (Image contributed.)

On Thursday, VM Investments Limited, VMIL, officially listed its latest bond offering on the Jamaica Stock Exchange, JSE.

VMIL says it marks a significant milestone for the company as it continues to drive growth and deepen its impact in the local financial sector.

The bond, originally set to raise $5.34 billion, saw exceptional demand from the investing public, resulting in an over-subscription of approximately $1.2 billion.

Speaking during the listing ceremony, Assistant Vice President for Capital Markets, Dwight Jackson, said the bond issue is not only a vote of confidence from investors, but a catalyst for the next chapter of growth at VMIL.

He says the proceeds will allow VM Investments a level of financial flexibility that would not have been possible before.

VMIL says the capital raised will be strategically used to finance new projects, maintain robust liquidity, and support the company’s continued expansion through acquisitions and private equity investments, laying a strong foundation for sustainable, long-term growth.

The bond offer opened on December 19, 2024, and was extended past its initial closing date of December 27, 2024, due to strong demand from the market.

It closed on January 10, 2025.