Aug 2025 Financial News

NCB Financial Group Limited - Notice of Update to Proposed Transaction (Update #4)

Aug 04, 2025

NCB FINANCIAL GROUP LIMITED ANNOUNCES SUCCESSFUL CLOSURE OF SENIOR SECURED NOTES

NCB Financial Group Limited (“NCBFG”) announces, further to its release on July 24, 2025, the successful issuance of its Senior Secured Notes in the international capital markets. The Notes have a coupon of 11% and matures July 31, 2030.

This landmark transaction was priced on July 24, 2025 and funded today, July, 31, 2025, with a final issuance size of US$225,000,000.00. The proceeds of the Notes will be used to support NCB Financial Group’s objectives, including liability management, balance sheet optimisation and enhancement of overall financial resilience.

The Notes were rated by Fitch Ratings and achieved a final long-term rating of “B+” and were also rated by Standard & Poors Ratings Services with a final rating of “B-“.

The Notes are to be listed on the Singapore Stock Exchange.

 

Source:
The Trinidad and Tobago Stock Exchange Limited
Monday 4th August 2025