NCB Reloads NY Follow-on

NCB Reloads NY Follow-on

Jamaica Equity

Jamaica’s National Commercial Bank (NCB) has launched an equity follow-on representing the debut of its ADRs, it says, targeting more than $200m. The lender is reviving a process it initiated in May of last year, and has started marketing ahead of a February 6 pricing. On offer are 16m ADRs, representing 804m common shares, at $13.00-$15.00 each, indicating a $224m transaction if done at the midpoint. The bank’s common shares, listed in Jamaica and Trinidad & Tobago, closed at JAD21.00 ($0.23) T

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial