Jan 2024 Financial News

National Investment Fund Holding Company Limited -Notice of NIF 2 Bond Offering

Jan 17, 2024

The National Investment Fund (NIF) Holding Company Limited is pleased to announce that on January 22, 2024, it will launch a NIF2 Five Year Bond for $400 million at a rate of 4.5%. 

The Bond will be backed by shares of Republic Financial Holdings Limited (RFHL) and will be offered for sale to individuals, small businesses, credit unions and pension plans. 

A small business is defined as one with revenues of $25 million or less as evidenced by Comparative Management Accounts for 2021 / 2022 financial year signed by two directors. 

The Bond will be sold in denominations of $1,000 and interest will be paid semi-annually in August and February. The proposed date for the close of the offering is February 9, 2024. First Citizens Brokerage & Advisory Services Ltd. is the Lead Broker for the Bond offering. 

Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday 17th January, 2024