Jibar Linked NCD
Share the credit risk
Jibar linked Negotiable Certificate of Deposits (NCDs) works on exactly the same principles as normal NCDs, the only difference is that the interest rate is reset every quarter.
How it works
Reset your interest rate quarterly
At FNB Namibia, we specialise in the arranging of direct funding from the capital markets for corporates, and parastatals. The main forms of instruments we use are corporate bonds and syndicated loans. Our market leading expertise lies in the critical success areas of structuring, credit rating and placement of these instruments in the capital markets.
What's hot
Arrange direct funding
Maturity date
An NCD bears a maturity date.
Investment period
Investments are for 12 month, 18 month and 24 month periods.
Quarterly update
The interest rate payable, is set against the 3 Month Jibar rate and paid quarterly.
Secondary market trade
The negotiable certificate of deposit often comes in bearer form and can trade in the secondary market.