May 14, 2018
NWC launches $15b local bond
KINGSTON, Jamaica — The National Water Commission (NWC) says it has established a $15 billion local bond facility arranged by the National Commercial Bank Capital Markets Limited (NCBCM).
In a media advisory yesterday, NWC said that the facility will enable the water company to become more financially viable, to allow for the re-balancing of its loan portfolio and to reduce its use of Government guarantees.
More information will be provided as a press conference is scheduled for this morning at Jamaica House, the NWC said.
Prime Minister Andrew Holness, other Government officials as well as executives of NCB and the NWC are scheduled to be in attendance at the press briefing.