The Trinidad and Tobago Coalition of Services Industries (TTCSI) is calling for more details on Government's proposed interest bearing bonds for registered VAT businesses to meet arrears.
On Monday, the Finance Minister said as a solution to settle $4.5 billion in VAT refunds owed to businessmen, Government is offering $3 billion bonds for a period of five years, with an interest rate of 1.5 percent per annum.
The National Investment Fund Holding Company Limited has been listed on the Trinidad & Tobago Stock Exchange.
The NIF bond, which the Government reported had raised $4 billion, was oversubscribed after it was offered to public in July. Following today's ceremony it was placed on the stock bond market of the TTSE.
This listing allows the opportunity for those who failed get their hands on the NIF bonds during the public offering a second chance to obtain them.
However, this will depend on the willingness of the current owners of the bonds to sell them so early on.
Finance Minister Colm Imbert will leave the country next month in a bid to sell US$1 billion in bonds to financial institutions in the United States.
The Minister told today's post-Cabinet meeting that he was going to visit several cities, including New York and perhaps Los Angeles, to engage financial institutions there.
He will be accompanied by officials of the Ministry of Finance and they will market the economy of this country to the institutions.