Special Advisory: NCB Financial Group Limited (NCBFG) 

October 1, 2020

NCB Financial Group Limited (NCBFG) has advised 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.

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