NCB seeking to raise US$175 million through securitization of DPR

The National Commercial Bank (NCB) is seeking to raise up to US$175 million by way of the Securitization of its Diversified Payment Rights (DPR).
The transaction will be rated by Fitch Ratings and placed in the International Private Placement Market by Westwood Capital as Arranger. 
Information on the transaction was revealed in a disclosure to the stock exchange Wednesday morning.
The transaction is expected to close by September 30.

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