National Investment Fund bond offer period starts July 12th
The offer for sale of TT$4,000,000,000 fixed income bonds issued by the National Investment Fund Holding Company Limited (NIF) starts on Wednesday, July 12th and ends on August 9th, 2018.
The NIF bond would be offered to institutions and individuals with the objective of raising TT$4 Billion. The NIF bond is supported by some of the strongest companies, with a collective market value of approximately TT$7.9 Billion, including shares of Republic Financial Holdings Limited, One Caribbean Media Limited, West Indian Tobacco Company Limited, Angostura Holdings Limited, and Trinidad Generation Unlimited.
Citizens can invest from as little at TT$1000, choosing from a series with fixed rate options from 4.5% annual interest over 5 years, to 5.7% annual interest over 12 years, or 6.6% annual interest over 20 years. Tax free interest would be paid every six months and the principal amount would be paid upon bond maturity.
The GORTT, through the Ministry of Finance, has partnered with First Citizens Brokerage and Advisory Services Limited as the lead broker of the NIF bonds as well as other sub brokers. NIF application forms would be available at all brokers and First Citizens branches across Trinidad and Tobago.
Visit www.nif-tt.com for a copy of the prospectus and more information and details on how to invest.