JN Group raises $4.6 billion in cap market
The Jamaica National Group Limited successfully raised $4.6 billion in ...
Source: jamaicaobserver.com
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JN Group raises $4.6 billion in local capital markets
Earl Jarrett, deputy chairman and CEO of JN Group, described the high rating and successful offer as, “confirmation of the high quality of management, asset quality, earnings and future projections of the JN Group.” The Jamaica National (JN) Group Limited recently successfully raised $4.6 billion in a private placement of fixed-rate notes placed with institutional investors in the local capital markets. The recently closed debt issue was assigned initial credit ratings of A- (local currency rating) on the Caribbean Information and Credit Rating Services (CariCRIS) regional scale and jmAA...
Source: loopjamaica.com