Dolla Financial Seeks J$1.5 Billion in Fresh Capital Through New Bond Offer

By Kimberly

Mykro Wave Broadcast Center

Updated

Dolla Financial Seeks J$1.5 Billion in Fresh Capital Through New Bond Offer

Dolla Financial Services Limited has launched a new secured bond offer to raise up to J$1.5 billion. The company plans to use the funds to grow its loan portfolio, refinance debt due in 2025, and cover issuance costs.

The offer opens on October 23, 2025, and closes on November 13, 2025. It includes two tranches — one for J$500 million over five years at 12% interest, and another for J$500 million over three years at 11% interest. Dolla may also upsize the offer by another J$500 million if demand is strong.

The secured bonds will be backed by a debenture over the company’s assets and are expected to be listed on the Jamaica Stock Exchange within three weeks of closing. Interest will be paid quarterly, with the first payment due on December 30, 2025.

According to Chairman Walter Scott, KC, Dolla’s loan portfolio grew to J$4 billion in 2024 — a 63% year-over-year increase. He said the new capital will support continued growth and expand the company’s lending capabilities both locally and regionally..