NCB Financial Group Limited (NCBFG) – Advises of Completed Transaction by Subsidiary

NCB Financial Group Limited (NCBFG) advises that further to its release dated August 17, 2022, its wholly owned subsidiary, National Commercial Bank Jamaica Limited has successfully raised financing of US$300,000,000.00 (THREE HUNDRED MILLION UNITED STATES DOLLARS) through the securitization of its Credit Card Merchant Voucher Receivables. The transaction was rated by Fitch Ratings and achieved a rating of “BBB-”, Outlook Stable. The transaction was placed in the international private placement market and closed on August 30, 2022.