ThisBank to raise US$6.9m in US debt offering

ThisBank Ltd, the UK-based digital lender formerly known as JN Bank UK, raised some US$6.9 million in a debt offering, according to a notice filed with the US Securities and Exchange Commission (SEC).
It is the latest capital development for an institution that bled losses under Jamaican ownership before being sold and rebranded.
Jamaica National Group Ltd retains a 6.37 per cent stake in ThisBank. "We did not participate nor assist in the structuring," JN CEO Earl Jarrett told the Financial Gleaner on Tuesday.