The National Finance Corporation (CFN) reported this Friday afternoon, March 31, that an additional $10 million will be invested in the purchase of bonds for retired teachers.

This additional amount is added to the first investment of 20 million dollars in the purchase of these bonds, and this value implies more than 400 operations that were carried out from January to March this year, the entity reported.

The $20 million awarded by CFN to purchase bonds for retired teachers has already been negotiated in more than 400 operations

At the beginning of March, CFN assured that these 400 operations were carried out normally and transparently through the stock exchanges of Guayaquil and Quito.

These operations were conducted through brokerage houses across the country, with a return rate of 6.5%.

The new investment, according to CFN, is being carried out under the leadership of the President of the Republic, Guillermo Lasso.

After CFN’s previous announcement of the bond acquisition on January 13, there were complaints about commissions charged by brokerage houses to retired teachers who wanted to sell their bonds. Aracely Moreno, president of the provincial coordinator of retired teachers of Ecuador Guayas Alfonso Yánez Montero, assured then that most houses want to charge high amounts of commission up to 14,000 dollars.