Jamaica’s NCB Places DPRs

National Commercial Bank of Jamaica raised $50m in securities backed by diversified payments rights Friday by placing the lot into the hands of investors in a privately arranged transaction. The notes, part of a program started last year with a $100m issuance, is backed by electronic transactions ranging from FDI flows to remittances to export payments. Pricing information was not revealed. Credit Suisse led the BBB minus (Fitch) deal.