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The "gift of the NIF" Bond offering

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88sins
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Re: The "gift of the NIF" Another IPO. (correction - BOND offering)

Postby 88sins » July 24th, 2018, 10:27 am

RedVEVO wrote:Listen to 88sins .. He is wise .

There are NO excellent reasons NOT to pay a dividend :roll:


that's not what I said at all, but if you think so I ain't here to convince you of otherwise

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Re: The "gift of the NIF" Another IPO. (correction - BOND offering)

Postby RedVEVO » July 24th, 2018, 10:40 am

88sins wrote:
RedVEVO wrote:Listen to 88sins .. He is wise .

There are NO excellent reasons NOT to pay a dividend :roll:


that's not what I said at all, but if you think so I ain't here to convince you of otherwise


It's 2 separate statements .

They are not connected .

Stop drinking Bay Rum :D

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Re: The "gift of the NIF" Another IPO. (correction - BOND offering)

Postby PariaMan » July 24th, 2018, 3:03 pm

Just listened to a webinar Bourse gives it a buy rating withour much risk but says people must look at their particular situation to see if they should purchase. Factors are type of investor and the need to access funds before maturity.

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Re: The "gift of the NIF" Another IPO. (correction - BOND offering)

Postby PariaMan » July 24th, 2018, 3:05 pm

They were very comprehensive in their analysis

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Re: The

Postby RedVEVO » July 24th, 2018, 3:41 pm

PariaMan wrote:Just listened to a webinar Bourse gives it a buy rating withour much risk but says people must look at their particular situation to see if they should purchase. Factors are type of investor and the need to access funds before maturity.


It's a BUY.

It's a Gov't backed Bond of sorts and should sell well .

May able to use as collateral with First Citizen .

Win-Win ..

Some illiterate people say it's a loan :D

First loan that pays you ! :D :D

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Re: The "gift of the NIF" Another IPO. (correction - BOND offering)

Postby sMASH » July 24th, 2018, 6:21 pm


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Re: The

Postby sMASH » July 27th, 2018, 9:40 am

RedVEVO wrote:
PariaMan wrote:Just listened to a webinar Bourse gives it a buy rating withour much risk but says people must look at their particular situation to see if they should purchase. Factors are type of investor and the need to access funds before maturity.


It's a BUY.

It's a Gov't backed Bond of sorts and should sell well .

May able to use as collateral with First Citizen .

Win-Win ..

Some illiterate people say it's a loan :D

First loan that pays you ! :D :D

government touted, but Not government backed...

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Re: The

Postby PariaMan » July 27th, 2018, 9:41 am

sMASH wrote:
RedVEVO wrote:
PariaMan wrote:Just listened to a webinar Bourse gives it a buy rating withour much risk but says people must look at their particular situation to see if they should purchase. Factors are type of investor and the need to access funds before maturity.


It's a BUY.

It's a Gov't backed Bond of sorts and should sell well .

May able to use as collateral with First Citizen .

Win-Win ..

Some illiterate people say it's a loan :D

First loan that pays you ! :D :D

Not government backed...
Of sorts

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Re: The

Postby RedVEVO » July 27th, 2018, 11:10 am

PariaMan wrote:
sMASH wrote:
RedVEVO wrote:
PariaMan wrote:Just listened to a webinar Bourse gives it a buy rating withour much risk but says people must look at their particular situation to see if they should purchase. Factors are type of investor and the need to access funds before maturity.


It's a BUY.

It's a Gov't backed Bond of sorts and should sell well .

May able to use as collateral with First Citizen .

Win-Win ..

Some illiterate people say it's a loan :D

First loan that pays you ! :D :D

Not government backed...
Of sorts


Who own Clico ?

Bonds are backed 100% by Gov't.

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Re: The "gift of the NIF" Another IPO. (correction - BOND offering)

Postby sMASH » July 27th, 2018, 11:12 am

Government bonds yes. This is NIF bonds

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Re: The "gift of the NIF" Another IPO. (correction - BOND offering)

Postby sMASH » July 27th, 2018, 11:12 am

Who own petrotrin? Not the government?

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Re: The "gift of the NIF" Another IPO. (correction - BOND offering)

Postby RedVEVO » July 27th, 2018, 11:20 am

sMASH wrote:Who own petrotrin? Not the government?


Roget own Petrotrin .

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Re: The "gift of the NIF" Another IPO. (correction - BOND offering)

Postby pugboy » July 27th, 2018, 2:06 pm

Isn’t a bond a loan ?

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Re: The "gift of the NIF" Another IPO. (correction - BOND offering)

Postby sMASH » July 27th, 2018, 3:41 pm

Yup.
What u get in exchange is a promise to pay back principle plus interest after a predetermined number of years. Essentially a loan.

One difference with this, is that it utilizes shares in historically well performing assets to generate income. That income is then forwards to the NIF which will use that income to pay public sector salaries and reduce national debt. What remains goes into the sinking fund to accumulate to repay the principle plus interest of the bonds purchased. And possibly a lil dividend... possibly.

Also, they said that if the assets for what ever reason they don't perform, the central bank will guarantee the maturity of the bonds.

just kidding. Neither GORTT nor central bank is guaranteeing the bonds and if they do fall short they will re issue bonds to repay the first rounds of bond maturity

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Re: The "gift of the NIF" Another IPO. (correction - BOND offering)

Postby pugboy » July 27th, 2018, 4:18 pm

Bonds historically were coupons
Where each year you redeem something in addition to getting back the principal

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Re: The "gift of the NIF" Another IPO. (correction - BOND offering)

Postby sMASH » July 27th, 2018, 5:21 pm

A non mandated token of appreciation

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Re: The

Postby Redman » July 28th, 2018, 12:29 pm

RedVEVO wrote:
PariaMan wrote:
sMASH wrote:
RedVEVO wrote:
PariaMan wrote:Just listened to a webinar Bourse gives it a buy rating withour much risk but says people must look at their particular situation to see if they should purchase. Factors are type of investor and the need to access funds before maturity.


It's a BUY.

It's a Gov't backed Bond of sorts and should sell well .

May able to use as collateral with First Citizen .

Win-Win ..

Some illiterate people say it's a loan :D

First loan that pays you ! :D :D

Not government backed...
Of sorts


Who own Clico ?

Bonds are backed 100% by Gov't.


LOL thats what the EFPA holders thought-its backed by GORTT-it was sold and allowed to be sold as guaranteed by GORTT (by the SOI/CBTT/GORTT) for decades.
Until the garantee was needed.

Like the NIF people thought the GORTT would step up. but they didnt.


there is a BIIIIG difference between US Govt Securities (US Treasuries) and Govt Agency Debt.

There is a difference between backed by a govt....and guaranteed by a govt.

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Re: The

Postby RedVEVO » July 28th, 2018, 1:33 pm

Redman wrote:
RedVEVO wrote:
PariaMan wrote:
sMASH wrote:
RedVEVO wrote:
PariaMan wrote:Just listened to a webinar Bourse gives it a buy rating withour much risk but says people must look at their particular situation to see if they should purchase. Factors are type of investor and the need to access funds before maturity.


It's a BUY.

It's a Gov't backed Bond of sorts and should sell well .

May able to use as collateral with First Citizen .

Win-Win ..

Some illiterate people say it's a loan :D

First loan that pays you ! :D :D

Not government backed...
Of sorts


Who own Clico ?

Bonds are backed 100% by Gov't.


LOL thats what the EFPA holders thought-its backed by GORTT-it was sold and allowed to be sold as guaranteed by GORTT (by the SOI/CBTT/GORTT) for decades.
Until the garantee was needed.

Like the NIF people thought the GORTT would step up. but they didnt.


there is a BIIIIG difference between US Govt Securities (US Treasuries) and Govt Agency Debt.

There is a difference between backed by a govt....and guaranteed by a govt.


All the same ..

It's a Gov't Bond ..

You buying any ?

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Re: The "gift of the NIF" Another IPO. (correction - BOND offering)

Postby Redman » July 28th, 2018, 1:59 pm

Nope.

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Re: The "gift of the NIF" Another IPO. (correction - BOND offering)

Postby RedVEVO » July 28th, 2018, 2:00 pm

Redman wrote:Nope.


Buy plenty . PNM good here :D

It's a good investment .

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Re: The

Postby sMASH » July 28th, 2018, 2:48 pm

RedVEVO wrote:
Redman wrote:
RedVEVO wrote:
PariaMan wrote:
sMASH wrote:
RedVEVO wrote:
PariaMan wrote:Just listened to a webinar Bourse gives it a buy rating withour much risk but says people must look at their particular situation to see if they should purchase. Factors are type of investor and the need to access funds before maturity.


It's a BUY.

It's a Gov't backed Bond of sorts and should sell well .

May able to use as collateral with First Citizen .

Win-Win ..

Some illiterate people say it's a loan :D

First loan that pays you ! :D :D

Not government backed...
Of sorts


Who own Clico ?

Bonds are backed 100% by Gov't.


LOL thats what the EFPA holders thought-its backed by GORTT-it was sold and allowed to be sold as guaranteed by GORTT (by the SOI/CBTT/GORTT) for decades.
Until the garantee was needed.

Like the NIF people thought the GORTT would step up. but they didnt.


there is a BIIIIG difference between US Govt Securities (US Treasuries) and Govt Agency Debt.

There is a difference between backed by a govt....and guaranteed by a govt.


All the same ..

It's a Gov't Bond ..

You buying any ?

its not a government bond. it an NIF bond.
NIF is a shell company created by the GORTT to limit the liability and responsibility away from them. NIF only assets are the shares in republic and angostura and what not, so not even them have any responsibility. any crap that happens, the people can only legally pitch fork NIF.
another CLICO\HCU in the making.

caveat emptor

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Re: The "gift of the NIF" Another IPO. (correction - BOND offering)

Postby PariaMan » July 28th, 2018, 2:54 pm

The experts at bourse and the Caribbean rating agency rates it very high and secure

The companies involved are very stable

I think is a no brainer once people have the money

People should not allow politics to affect there financial decisions

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Re: The

Postby RedVEVO » July 28th, 2018, 3:03 pm

sMASH wrote:
RedVEVO wrote:
Redman wrote:
RedVEVO wrote:
PariaMan wrote:
sMASH wrote:
RedVEVO wrote:
PariaMan wrote:Just listened to a webinar Bourse gives it a buy rating withour much risk but says people must look at their particular situation to see if they should purchase. Factors are type of investor and the need to access funds before maturity.


It's a BUY.

It's a Gov't backed Bond of sorts and should sell well .

May able to use as collateral with First Citizen .

Win-Win ..

Some illiterate people say it's a loan :D

First loan that pays you ! :D :D

Not government backed...
Of sorts


Who own Clico ?

Bonds are backed 100% by Gov't.


LOL thats what the EFPA holders thought-its backed by GORTT-it was sold and allowed to be sold as guaranteed by GORTT (by the SOI/CBTT/GORTT) for decades.
Until the garantee was needed.

Like the NIF people thought the GORTT would step up. but they didnt.


there is a BIIIIG difference between US Govt Securities (US Treasuries) and Govt Agency Debt.

There is a difference between backed by a govt....and guaranteed by a govt.


All the same ..

It's a Gov't Bond ..

You buying any ?

its not a government bond. it an NIF bond.
NIF is a shell company created by the GORTT to limit the liability and responsibility away from them. NIF only assets are the shares in republic and angostura and what not, so not even them have any responsibility. any crap that happens, the people can only legally pitch fork NIF.
another CLICO\HCU in the making.

caveat emptor


It's a Gov't Bond . Back by Gov't assets .

Republic (RBL) & Angostura are not Gov't Bonds.

Buy plenty ..

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Re: The

Postby sMASH » July 28th, 2018, 3:18 pm

RedVEVO wrote:
sMASH wrote:
RedVEVO wrote:
Redman wrote:
RedVEVO wrote:
PariaMan wrote:
sMASH wrote:
RedVEVO wrote:
It's a BUY.

It's a Gov't backed Bond of sorts and should sell well .

May able to use as collateral with First Citizen .

Win-Win ..

Some illiterate people say it's a loan :D

First loan that pays you ! :D :D

Not government backed...
Of sorts


Who own Clico ?

Bonds are backed 100% by Gov't.


LOL thats what the EFPA holders thought-its backed by GORTT-it was sold and allowed to be sold as guaranteed by GORTT (by the SOI/CBTT/GORTT) for decades.
Until the garantee was needed.

Like the NIF people thought the GORTT would step up. but they didnt.


there is a BIIIIG difference between US Govt Securities (US Treasuries) and Govt Agency Debt.

There is a difference between backed by a govt....and guaranteed by a govt.


All the same ..

It's a Gov't Bond ..

You buying any ?

its not a government bond. it an NIF bond.
NIF is a shell company created by the GORTT to limit the liability and responsibility away from them. NIF only assets are the shares in republic and angostura and what not, so not even them have any responsibility. any crap that happens, the people can only legally pitch fork NIF.
another CLICO\HCU in the making.

caveat emptor


It's a Gov't Bond . Back by Gov't assets .

Republic (RBL) & Angostura are not Gov't Bonds.

Buy plenty ..

an NIF bond, not a government bond. it isnt backed by assets, its backed by the reissue of bonds to repay the first rounds of maturity provided the assets cant cover the maturity.

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Re: The

Postby PariaMan » July 28th, 2018, 3:21 pm

sMASH wrote:
RedVEVO wrote:
sMASH wrote:
RedVEVO wrote:
Redman wrote:
RedVEVO wrote:
PariaMan wrote:
sMASH wrote:Not government backed...
Of sorts


Who own Clico ?

Bonds are backed 100% by Gov't.


LOL thats what the EFPA holders thought-its backed by GORTT-it was sold and allowed to be sold as guaranteed by GORTT (by the SOI/CBTT/GORTT) for decades.
Until the garantee was needed.

Like the NIF people thought the GORTT would step up. but they didnt.


there is a BIIIIG difference between US Govt Securities (US Treasuries) and Govt Agency Debt.

There is a difference between backed by a govt....and guaranteed by a govt.


All the same ..

It's a Gov't Bond ..

You buying any ?

its not a government bond. it an NIF bond.
NIF is a shell company created by the GORTT to limit the liability and responsibility away from them. NIF only assets are the shares in republic and angostura and what not, so not even them have any responsibility. any crap that happens, the people can only legally pitch fork NIF.
another CLICO\HCU in the making.

caveat emptor


It's a Gov't Bond . Back by Gov't assets .

Republic (RBL) & Angostura are not Gov't Bonds.

Buy plenty ..

an NIF bond, not a government bond. it isnt backed by assets, its backed by the reissue of bonds to repay the first rounds of maturity provided the assets cant cover the maturity.
Actually no the excess dividend which is estimated at 120 million a year will be placed in a sinking fund to help repay the capital, check the prospectus or
The bourse site if you want a synopsis

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Re: The

Postby sMASH » July 28th, 2018, 3:49 pm

PariaMan wrote:
sMASH wrote:
RedVEVO wrote:
sMASH wrote:
RedVEVO wrote:
Redman wrote:
RedVEVO wrote:
PariaMan wrote:Of sorts


Who own Clico ?

Bonds are backed 100% by Gov't.


LOL thats what the EFPA holders thought-its backed by GORTT-it was sold and allowed to be sold as guaranteed by GORTT (by the SOI/CBTT/GORTT) for decades.
Until the garantee was needed.

Like the NIF people thought the GORTT would step up. but they didnt.


there is a BIIIIG difference between US Govt Securities (US Treasuries) and Govt Agency Debt.

There is a difference between backed by a govt....and guaranteed by a govt.


All the same ..

It's a Gov't Bond ..

You buying any ?

its not a government bond. it an NIF bond.
NIF is a shell company created by the GORTT to limit the liability and responsibility away from them. NIF only assets are the shares in republic and angostura and what not, so not even them have any responsibility. any crap that happens, the people can only legally pitch fork NIF.
another CLICO\HCU in the making.

caveat emptor


It's a Gov't Bond . Back by Gov't assets .

Republic (RBL) & Angostura are not Gov't Bonds.

Buy plenty ..

an NIF bond, not a government bond. it isnt backed by assets, its backed by the reissue of bonds to repay the first rounds of maturity provided the assets cant cover the maturity.
Actually no the excess dividend which is estimated at 120 million a year will be placed in a sinking fund to help repay the capital, check the prospectus or
The bourse site if you want a synopsis

and what happens when if it cant repay the capital and interest upon maturity?

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Re: The

Postby PariaMan » July 28th, 2018, 3:56 pm

sMASH wrote:
PariaMan wrote:
sMASH wrote:
RedVEVO wrote:
sMASH wrote:
RedVEVO wrote:
Redman wrote:
RedVEVO wrote:
Who own Clico ?

Bonds are backed 100% by Gov't.


LOL thats what the EFPA holders thought-its backed by GORTT-it was sold and allowed to be sold as guaranteed by GORTT (by the SOI/CBTT/GORTT) for decades.
Until the garantee was needed.

Like the NIF people thought the GORTT would step up. but they didnt.


there is a BIIIIG difference between US Govt Securities (US Treasuries) and Govt Agency Debt.

There is a difference between backed by a govt....and guaranteed by a govt.


All the same ..

It's a Gov't Bond ..

You buying any ?

its not a government bond. it an NIF bond.
NIF is a shell company created by the GORTT to limit the liability and responsibility away from them. NIF only assets are the shares in republic and angostura and what not, so not even them have any responsibility. any crap that happens, the people can only legally pitch fork NIF.
another CLICO\HCU in the making.

caveat emptor


It's a Gov't Bond . Back by Gov't assets .

Republic (RBL) & Angostura are not Gov't Bonds.

Buy plenty ..

an NIF bond, not a government bond. it isnt backed by assets, its backed by the reissue of bonds to repay the first rounds of maturity provided the assets cant cover the maturity.
Actually no the excess dividend which is estimated at 120 million a year will be placed in a sinking fund to help repay the capital, check the prospectus or
The bourse site if you want a synopsis

and what happens when if it cant repay the capital and interest upon maturity?
To summarize, we view the likelihood of refinancing some portion of the NIF bonds as high, in the absence of increased cash flows from dividends and/or sales of assets from the NIF portfolio to generate cash. The probability of default of the NIF bonds, in our view, is low, given the quantum, quality and expected cash flows of the assets in the portfolio of assets.

Investors should feel reasonably comfortable about the NIF’s ability to repay principal and interest on the bonds to be issued.

This is from bourse security

The Caribbean rating agency feels the same way hence the top rating of the bond

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Re: The

Postby RedVEVO » July 28th, 2018, 3:57 pm

sMASH wrote:
PariaMan wrote:
sMASH wrote:
RedVEVO wrote:
sMASH wrote:
RedVEVO wrote:
Redman wrote:
RedVEVO wrote:
Who own Clico ?

Bonds are backed 100% by Gov't.


LOL thats what the EFPA holders thought-its backed by GORTT-it was sold and allowed to be sold as guaranteed by GORTT (by the SOI/CBTT/GORTT) for decades.
Until the garantee was needed.

Like the NIF people thought the GORTT would step up. but they didnt.


there is a BIIIIG difference between US Govt Securities (US Treasuries) and Govt Agency Debt.

There is a difference between backed by a govt....and guaranteed by a govt.


All the same ..

It's a Gov't Bond ..

You buying any ?

its not a government bond. it an NIF bond.
NIF is a shell company created by the GORTT to limit the liability and responsibility away from them. NIF only assets are the shares in republic and angostura and what not, so not even them have any responsibility. any crap that happens, the people can only legally pitch fork NIF.
another CLICO\HCU in the making.

caveat emptor


It's a Gov't Bond . Back by Gov't assets .

Republic (RBL) & Angostura are not Gov't Bonds.

Buy plenty ..

an NIF bond, not a government bond. it isnt backed by assets, its backed by the reissue of bonds to repay the first rounds of maturity provided the assets cant cover the maturity.
Actually no the excess dividend which is estimated at 120 million a year will be placed in a sinking fund to help repay the capital, check the prospectus or
The bourse site if you want a synopsis

and what happens when if it cant repay the capital and interest upon maturity?


You should buy and sell it BEFORE it matures .

It's a Bond .. as interest rates go up, the yield will decrease.

You have to understand how Stocks and Bonds work .

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Re: The "gift of the NIF" Another IPO. (correction - BOND offering)

Postby sMASH » July 28th, 2018, 4:02 pm

"refinancing" does that mean guaranteed by GORTT or central bank?
no.
it means that they will issue more bonds to get more money to repay the first bonds. so if u substitute 'bond' with 'loan' it means they would take another 'loan' to repay the first 'loan'

clico was reallll bess, until it wasnt.

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Re: The "gift of the NIF" Another IPO. (correction - BOND offering)

Postby PariaMan » July 28th, 2018, 4:07 pm

sMASH wrote:"refinancing" does that mean guaranteed by GORTT or central bank?
no.
it means that they will issue more bonds to get more money to repay the first bonds. so if u substitute 'bond' with 'loan' it means they would take another 'loan' to repay the first 'loan'

clico was reallll bess, until it wasnt.
Well your opinion is that it is not for you

That's ok , do not invest

Plenty people feel different and in my opinion it will be oversubscribed and people will make a lot of money

This cannot be compared with clico and HCU totally different scenario

I remember workers from FCB not buying shares because the union say not to buy

They lost out big time

People opposing for political reasons

They should not allow that to prevent them from making a good investment

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