The "gift of the NIF" Bond offering

[neilsingh100]

In terms of repayment... ultimately they will sell some of the stock to make principal payment s

Dividends from the assets can cover both principal and interest payments. They will also allow rollover of the 5yr and 12yrs bonds so that will reduce the amount of cash needed for repayment of principal.

[Redman]

That's assuming that the excess dividends are not plundered by the govt of the time...ala NGC.

The 122m that's heading to the sinking fund is not enough to pay down the principle.

[neilsingh100]

That's assuming that the excess dividends are not plundered by the govt of the time...ala NGC.

The 122m that's heading to the sinking fund is not enough to pay down the principle.

The trust deed that was setup protects against this and says as long as there are bonds outstanding the dividends will go towards payments of bonds.

From page 23 of the prospectus:

The Company will set aside as and by way of sinking fund payments for the redemption of the Bonds all Net Dividend Income so long as any of the Bonds remains outstanding.

[PariaMan]

So anyone planning to invest

[pugboy]

Yes it is a real central bank approved bond
So they can’t tief the money and give you less than the 4.5

[The_Honourable]

Might take a small dip in it.

By the way, can i increase the principal amount during the life of the bond?

100000 will give 4500 per year or 22500 over 5 years

Thanks!

[Redman]

If there is a secondary market....however the bonds should trade up ...so that relative to the price you pay in the secondary market...the yield is closer to market rates for similar instruments.

So you may pay more than 1000 for the bond

[greggle71]

Might take a dip as well. Feel a tad more secure given that it is Central Bank approved

[shogun]

Anyone want to say just what would approximately constitute a "dip?" ... considering a move on this myself.

[Redman]

Better off buying the stock.

[PariaMan]

Better off buying the stock.

Tru for certain people who worry about capital depreciation and have money lying around in the bank this might be ideal

[snatman]

This will be hugely oversubscribed, with the big mutual funds maxing out their allowable bids

[Redman]

With all the liquidity in the system..it better be over subscribed.

[neilsingh100]

If you buy the 12 or 20yr bonds and hold for 1 year you could probably make a 10-20% return by selling it since banks and insurance companies would be willing to pay more than the face value because of the tax free returns.

[PariaMan]

If you buy the 12 or 20yr bonds and hold for 1 year you could probably make a 10-20% return by selling it since banks and insurance companies would be willing to pay more than the face value because of the tax free returns.

That's assuming it gets over subscribed

[neilsingh100]

That's assuming it gets over subscribed

Not necessarily, pension funds alway need to add bonds and equities to their portfolio so if you wait a year there would be demand for the bonds and they would pay up for it because of the lack of government and commercial paper on the market.

[PariaMan]

I expect to see a dip at sometime after it becomes tradeable on the stock market . I will then jump in and get the same bond at a lower price . This will probably happen in the first year

[neilsingh100]

I expect to see a dip at sometime after it becomes tradeable on the stock market . I will then jump in and get the same bond at a lower price . This will probably happen in the first year

I don't this will happen based on the coupon (interest rate) and tax free nature of the bonds since it will be institutional investors doing the buying. Look what happened to TTNGL.

[PariaMan]

Actually NGL did dip to18.25 on March 10 2016.

But the less people who think it will dip is better for me

[PariaMan]

I expect to see a dip at sometime after it becomes tradeable on the stock market . I will then jump in and get the same bond at a lower price . This will probably happen in the first year

I don't this will happen based on the coupon (interest rate) and tax free nature of the bonds since it will be institutional investors doing the buying. Look what happened to TTNGL.

Actually NGL did dip to18.25 on March 10 2016.

But the less people who think it will dip is better for me

[neilsingh100]

Actually NGL did dip to18.25 on March 10 2016.

This is true but it was right after it started trading so some price discovery was still taking place. There is no guarantee this will happen with the NIF bonds this is why I said to wait 1 year to give enough time for the market to price the bonds correctly.

[PariaMan]

Actually NGL did dip to18.25 on March 10 2016.

This is true but it was right after it started trading so some price discovery was still taking place. There is no guarantee this will happen with the NIF bonds this is why I said to wait 1 year to give enough time for the market to price the bonds correctly.

Time will tell pal as I said I am certain it will drop I will take advantage then .you can go ahead and buy now .CIF and calyps o fund trades below NAV . NGL and FIRST all traded below at some point in time . I will wait .

[Dizzy28]

Hilarious!!
https://www.facebook.com/darryn.boodan/ ... 5721100023

[The_Honourable]

Business Watch: Bonds vs Sell-Off



Judy Kanhai speaks with Economist Marla Dukharan and Minister Stuart Young on Business Watch about the National Investment Fund.

[The_Honourable]

Capture.JPG

Hilarious!!
https://www.facebook.com/darryn.boodan/ ... 5721100023

Mala had the "bulls*it detected" look

[toyolink]

Mr Richard Young probably going and turn off his cell phone today and most likely for the next few days.

[neilsingh100]

Yeah, it is an off balance sheet way for the government to borrow but this woman clearly has a chip on her shoulder. She did not want to say asset back bonds is a good investment but promotes block chain and cryptocurrency (backed by nothing) as chief economist of BITT so she clearly has her own agenda.

[De Dragon]

Yeah, it is an off balance sheet way for the government to borrow but this woman clearly has a chip on her shoulder. She did not want to say asset back bonds is a good investment but promotes block chain and cryptocurrency (backed by nothing) as chief economist of BITT so she clearly has her own agenda.

Impsbert dais you? What she took issue with was the obvious mistruth about NIF not being borrowing. What she backs has nothing to do with her views unless she explicitly said "don't invest in NIF, invest in BITT instead."

[88sins]

is it just me or stewfart yung lookin like he wondering if he convincing anybody

[De Dragon]

is it just me or stewfart yung lookin like he wondering if he convincing anybody

Goebbels Young always have that Snowball type mannerism when he doling out sheit.