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Fixed Interest
 

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  • At the end of 2007, Nambawan Super Ltd reached K2 billion mark in total assets, indicating 40% growth and a new record level for the fund.
  • Also, Nambawan Super received K250 million from the Government of PNG to settle part of its Unfunded Liability from proceeds available from the state's unbudgeted budget surplus.
  • New Kiosks locations, working along with POST PNG.

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The Fixed Interest Portfolio comprises government, semi government, corporate securities and debt including development loans beyond 90 days. This also includes TB and IBD with maturity of over 90 days. The Fund held K294.9 million or 20% of the investment portfolio at the end of 2006, which is within the sector range of 15 – 35%.