NCB Financial Group has announced plans to raise US$300 million through the issuance of new senior notes in the international securities markets.
The proposed offering, subject to terms acceptable to the group, including pricing, will not be made in the United States or any jurisdiction where it would be unlawful without registration.
The securities will be offered only to qualified institutional buyers in the US and non-US persons in offshore transactions in compliance with the US Securities Act of 1933.
NCB Financial expects to finalise pricing for the notes by next Wednesday with the transaction closing shortly after.
The notes are set to be rated by both Standards and Poor's rating services and Fitch Ratings.
But investors are reminded that a securities rating is not a recommendation to buy, sell, or hold, and ratings may change at any time.
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