The Federal Government on Thursday commenced the sale of N150bn seven-year Sukuk bond offer meant for the development of road infrastructure in different parts of the country.
The Debt Management Office disclosed this on its website adding that the offer would close on June 2, 2022 with a settlement date of June 9, 2020.
According to the DMO, the Ijarah Sukuk had a half-yearly rental payment, and bullet payment on the date of maturity. The Sukuk bond would be offered for subscription through FBNQuest Merchant Bank Limited and Lotus Financial Services Limited.
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