'Charting Your Financial Course' — topic for Jamaica Observer's next webinar
The Jamaica Observer will be hosting another in its series of webinars ...
Source: jamaicaobserver.com
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NCB Financial, Trident Castle used as collateral in Portland bond raise
Portland Barbados Limited, part of billionaire Michael Lee-Chin’s Portland group of companies, is seeking to raise up to US$4 million, or nearly J$600 million, in a bond offer. Some shares in NCB Financial Group Limited, NCBFG, and the Lee-Chi- owned swanky Trident Castle villas in the parish of Portland in Jamaica – the parish of Lee-Chin’s birth – are being put up as security for the bond. The amount of NCBFG shares being used as collateral is equivalent to 60 per cent the value of the bond debt being sought, but with a 40 per cent margin. The prospectus for the bond offer notes th...
Source: jamaica-gleaner.com