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NCBCM upgrades online portals to benefit investors jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.
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NCB creates liquidity for GHL shares
…$1.6 billion worth of shares made available to public Friday, May 21, 2021
Observer business writer
DESPITE being relisted to the Jamaica Stock Exchange (JSE) on May 5 after 13 years, local investors had limited options to access the shares of regional insurance giant Guardian Holdings Limited (GHL). However, NCB Financial Group Limited (NCBFG) has decided to improve the opportunity for access through the sale of 2 million shares. These 2 million shares are worth approximately $1.6 million. ....
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Business notes. business notes
Sagicor Financial Company aims to redeem debt early
SAGICOR Financial Company Limited (SFCL) has launched a cash tender offer for any and all of its 8.875 per cent senior notes which are due in 2022.
This comes in conjunction with SFC considering the issuance of new notes which will be used to pay for this redemption. US$318.1 million ($49 billion) remains outstanding as the principal amount on the 2022 notes. The 2022 notes were issued in 2015 by Sagicor Finance (2015) Limited when Sagicor Financial Corporation refinanced US$313.4 million in debt w ....