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Tag: DMO

DMO lists N162.6b third Sukuk on NGX platform

DMO lists N162.6b third Sukuk on NGX platform

Finance
The Debt Management Office (DMO), yesterday, listed the N162.557 billion seven-year Ijarah Sukuk with a rental rate of 11.20 per cent on the floor of the Nigerian Exchange (NGX) Limited. The third sovereign Sukuk was issued last June to be used for financing the rehabilitation and construction of key road projects across the six geopolitical zones. With this listing, members of the public who invested in the 2020 Sukuk bonds can sell to investors who wish to buy into the asset. Speaking on the listing, the Director-General of DMO, Ms. Patience Oniha, expressed satisfaction that the bond has fulfilled the condition of listing as stipulated by the Financial Regulatory Advisory Council of Experts (FRACE) of the Central Bank of Nigeria (CBN). She said the Sukuk could only be l...