NCB Financial Group is seeking to raise $2.8 billion in a bond offer with an option to upsize it to $4.2 billion.
The unsecured bonds will mature in July 2025 and come with an interest rate of 10.75 per cent.
NCB Financial Group says the funds, which will be listed on the stock exchange, will be used for general corporate purposes and debt refinancing.
Investors will have to make a minimum subscription of $100,000 for the two-year bond.
Interest will be paid semi-annually, starting December 31 this year.
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