The NIF bond would be offered to institutions and individuals with the objective of raising TT$4 Billion.
The bond has 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, 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 sale of TT$4,000,000,000 fixed income bonds will continue until August 9th, 2018.
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.