NCB Financial seeking US$300m on int’l market
Published:Friday | June 6, 2025 | 12:08 AM
NCB Financial Group Limited, operator of Jamaica’s largest commercial bank, is raising US$300 million in debt on the international market.
The terms were not immediately available.
NCB Financial said in a market notice that the pricing of the offer would happen by June 11, and that the transaction would close shortly thereafter.
However, it said the terms and pricing would factor into whether it proceeded with the debt raise through senior notes. Only qualified institutional investors in the United States or non-US persons, through offshore transactions, outside the US, can take up the offer.
In Jamaican currency terms, the offer amounts to $48 billion. The financial conglomerate’s borrowings currently amount to $189 billion, including $171 billion in corporate notes that are repayable between 2025 and 2030.