NCB refinancing US$52 million in debt

Conglomerate NCB Financial Group (NCBFG) closed its bond refinancing offers this week, targeting some US$52 million equivalent across Jamaican dollar and US dollar tranches. The amount raised has not been disclosed, though the group retained the right to upsize the offer. “Investors love bonds,” stated NCB in its marketing of the bonds, indicating that it offers protection in challenging capital market.