Click to view full size
NCB Financial Group Ltd (NCBFG), which is chaired Jamaica-born investor, Michael Lee-Chin, is expected to come under increased pressure in 2026 due to higher interest costs associated with its July 2025 US$225 million international bond and upcoming debt refinancing rounds.
The Kingston Jamaica-headquartered financial group's international bond is secured by its 61.77 per cent stake in Westmoorings-based Guardian Holdings Ltd (GHL).
Lee-Chin also faces a deadline of the end of 2025 to make good on some of the principal of US$297 million he owes noteholders of three companies he has an interest in: Portland (Barbados) Ltd (PBL), AIC (Barbados), and Specialty Coffee Investment Company (SCI). At a meeting last week Wednesday in Kingston, a negotiating committee proposed a new restructuring plan to the noteholders that would grant Lee-Chin’s three affiliated companies a final opportunity to regularise more than US$297 million in outstanding debt.
The portable companion to gazettE. Get notifications, track read articles, and more. The latest news from Trinidad and Tobago, in one place.
Related stories
See articles related to "Lee-Chin, NCBFG facing head winds"