National Commercial Bank Jamaica (NCBJ) is set to raise up to US300 million.
The sum will be mobilized through a private equity placement, by way of the securitization of its Credit Card Merchant Voucher Receivables.
The transaction will be rated by FITCH Ratings and placed in the International Private Placement Market by Greyfell Capital Management.
NCBJ expects the transaction to close by September 30.
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