The Jamaica Stock Exchange, Harbour Street, Kingston.
The Jamaica Stock Exchange JSE, expects in a matter of days to launch a portal for private bonds issued under exemption of public disclosure, aiming to make the bulk of these assets valued at around $480 billion more liquid and tradable.
It forms part of ongoing steps to widen and modernise Jamaica’s capital markets.
The JSE will set up a new portal that allows the trading of these assets, also known as private placements, by brokers and accredited rich investors. But it’s also up to the discretion of the broker as to whether a client gains access. Accredited investors are typically required to have a net worth of around $50 million and income of $10 million.