August 18, 2022
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$300,000,000.00 (THREE HUNDRED MILLION UNITED STATES DOLLARS) by way of the Securitization of its Credit Card Merchant Voucher Receivables. The transaction will be rated by FITCH Ratings and placed in the International Private Placement Market by Greyfell Capital Management LLC, as Arranger. The transaction is expected to close by September 30, 2022.
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