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Updated: 05-10-2022 - 12:00PM   4 6 CLOSED

Financial News

Aug 2022 Financial News

NIF - $112.2 Million Paid to Bond Holders

Aug 09, 2022

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

  • On Tuesday 9 August 2022, NIF made the eighth distribution interest payment of $112.2 million to its over 7,500 bond holders on the three (3) series of its $4.0 billion bond.
  • Total interest distributions of $897.6 million have been paid out to bond holders, since the successful launch of NIF in July 2018.
  • On Thursday 9 February 2023, NIF will make the ninth semi-annual coupon payment to bond holders.
  • NIF’s well-structured and diversified portfolio which was established in July 2018 with a value of $7.9 billion, reached $9.76 billion in December 2021 and $10.02 billion in June 2022.

Notwithstanding the current global challenges including the continuation of Covid-19 with its many variants, increased energy costs and supply chain issues, our Investee Companies have been successfully putting increased energy and focus around their key priorities.

Source:
The Trinidad and Tobago Stock Exchange Limited
Tuesday 9th August, 2022