Jamaican financial powerhouse, NCB Financial Group (NCBFG), has agreed to pledge all of the shares of its majority-owned subsidiary, Westmoorings-based Guardian Holdings Ltd (GHL), as collateral for its delayed US$300 million bond.
“We are not able at this time to answer most specific queries about it as we seek to comply with all applicable requirements. We had initially indicated an expected date of pricing, but that was only an expectation. When pricing occurs, announcements will be made as usually expected and required.”
Michael Lee-Chin is the Chairman of NCB Financial Group Limited, which owns National Commercial Bank Jamaica. He also hold holds a majority stake in the company.
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