FG Sukuk records 446% oversubscription

DMO, Debt Management Office, Oversubscription, Bond

The Debt Management Office (DMO) has announced the result of the third Sovereign Sukuk for which it offered N150 billion to investors. The Offer attracted a very high level of subscription from investors with total subscriptions of N669.124 billion, representing a subscription level of 446 per cent. The impressive demand for the Sukuk came from a wide range of investors which included Ethical Funds, Insurance Companies, Fund Managers and Retail Investors amongst others. This participation by a wide range of investors is in line with the DMO’s objectives of diversifying…

Read more