Sep 2020 Financial News

Notice of Completion of Transaction by its Subsidiary, National Commercial Bank Jamaica Limited

Sep 30, 2020

Further to our advisories on September 22, 2020 and September 25, 2020, NCB Financial Group Limited advises that its wholly owned subsidiary, National Commercial Bank Jamaica Limited, has successfully raised US$250 million (TWO HUNDRED AND FIFTY MILLION UNITED STATES DOLLARS) through a securitization of its Diversified Payment Rights. The transaction was rated by Fitch Ratings and achieved a rating of “BB”, Outlook Stable. The transaction was placed in the international private placement market and closed on September 30, 2020.


Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday 30th September, 2020