Published On: Wed, Sep 27th, 2017

FG 100b naira debut sovereign sukuk oversubscribed by 5.8 pct -DMO

A 100-billion-naira debut sovereign sukuk launched by Nigeria’s government on the domestic market last week was 5.8 percent oversubscribed, the Debt Management Office said on Thursday.

The seven-year Islamic bond, which is structured as a lease and guaranteed by the government, fetched 105.87 billion naira in subscription from retail and institutional investors.