Sep 2020 Financial News

NCB Financial Group Limited - Notice of Transaction Upsize by its Subsidiary, National Commercial Bank Jamaica Limited

Sep 28, 2020

Further to the release on September 22, 2020, NCB Financial Group Limited advises that the Board of Directors of National Commercial Bank Jamaica Limited (a wholly owned subsidiary) has approved an upsizing of the Securitization of its Diversified Payment Rights to up to US$250,000,000.00 (TWO HUNDRED AND FIFTY MILLION UNITED STATES DOLLARS) following an oversubscription of the transaction.

The transaction will be rated by FITCH Ratings and placed in the International Private Placement Market by Westwood Capital LLC, as Arranger. The transaction is expected to close by September 30, 2020.

 

Source:
The Trinidad and Tobago Stock Exchange Limited
Monday 28th September, 2020