NDX2 Valued at J$25 Billion

Three of a reported eight financial companies have said they will participate in a second round of the National Debt Exchange to help the Government plug a shortfall in the funds needed to drive down its debt-servicing costs.

The three institutions which have already indicated their willingness in participating are Scotia Group Jamaica, National Commercial Bank Jamaica and GraceKennedy Ltd (parent of First Global Financial Services), while the other five institutions are Sagicor, JMMB Group, Jamaica National Building Society, First Global Financial Services (subsidiary of GraceKennedy), Victoria Mutual Building Society and Guardian Life Limited.