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Home Companies and Markets

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

metro by metro
September 27, 2017
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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.

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