DMO lists N162.56bn Sovereign Sukuk on NSE, FMDQ

DMO lists N162.56bn Sovereign Sukuk on NSE, FMDQ

DMO lists N162.56bn Sovereign Sukuk on NSE, FMDQ   The Debt Management Office (DMO) has listed its third Sovereign Sukuk of N162.557 billion on the leading bourses in the country, The Nigerian Stock Exchange (NSE) and the FMDQ Securities Exchange. The Sukuk is a 7-year 11.200 per cent Al Ijarah Sovereign Sukuk Due 2027. The Sukuk which at the time of issuance was massively subscribed to the tune of ₦669.124 billion equivalent to 446 per cent oversubscription, was issued to finance 44 economic road projects across the six geo-geopolitical zones. With the…

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