Feb 2021 Financial News

National Investment Fund Holding Company Limited - Notice of First Semi-annual Coupon Payment for 2021

Feb 09, 2021

The National Investment Fund Holding Company Limited (NIF) is pleased to report that:

• On Tuesday 9 February 2021, NIF made the fifth distribution interest payment of $112.2 million to its bond holders on the three (3) series of its $4.0 billion bond.
• Since its establishment in mid-2018, NIF has made total interest distributions of $561.0 million to over 7,500 bond holders. This consistent distribution has been due to NIF’s well-structured and diversified portfolio.
• On Monday 9 August 2021, NIF will make its sixth semi-annual coupon payment to bond holders.

The bonds remain actively traded on the corporate bond market with significant capital gains for sellers.
Notwithstanding the economic and social challenges being posed by the COVID-19, the National Investment Fund ended the year with a portfolio of $9.33 billion which reflects an increase of $1.33 billion over its mid-2018 established portfolio.


Source:
The Trinidad and Tobago Stock Exchange Limited
Tuesday 09 February 2021