The National Commercial Bank of Jamaica issued its, and the country's, first DPR transaction March 15. The $100 million, seven-year final deal priced 180 basis points over three-month Libor via sole lead Credit Suisse. Fitch Ratings and Moody's Investors Service rated the transaction BBB-' and Baa3', respectively.
The deal closes March 22. Dewey Ballantine and Mayer, Brown, Rowe and Maw are legal counsel for the originator and arranger, respectively.