The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that the data so far on the recent NIF2 $400 million 5-year bond issue, which was offered to the public at an interest rate of 4.5% per annum, shows that NIF2 has been a tremendous success.

NIF2 was designed to provide all citizens with a safe and high value investment instrument, using the people’s assets acquired from Clico.

As of yesterday, the total applications for the $400 million available in NIF2 bonds had crossed ONE BILLION DOLLARS ($1Bn) inclusive of over $700 million in applications from a total of 3,644 individual investors, with more applications to be tallied today.