NCB Financial Group Limited (NCBFG) has advised of the intention of its wholly owned subsidiary, National Commercial Bank Jamaica Limited, to raise up to US$175,000,000.00 (One Hundred and Seventy Five Million United States Dollars) by way of the Securitization of its Diversified Payment Rights. 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.
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