Nigeria's government lists 163 bln naira sovereign sukuk
Published 22 Mar,2021 via The Nation - The Federal Government has listed its N162.56 billion Sukuk on the Nigerian Exchange (NGX) Limited, paving the way for investors to trade on the non-interest bond.
The Debt Management Office (DMO), which oversees Nigeria’s government debt issuances, listed the N162.56 billion, Seven-Year, FGN Ijarah Sukuk with a rental rate of 11.20 per cent. Issued on June 16, 2020, it was the third sovereign Sukuk to be issued by the Federal Government.
The net proceeds were earmarked for the rehabilitation and construction of key economic road projects across the six geopolitical zones in the country.
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The Nation