FGN Sukuk III Issuance Is Coming Soon

Proshare

Monday, February 17, 2020 10:45 AM / By Arthur Stevens Asset Mgt / Header Image Credit: Nigerian Finder

 

This is to inform you that the Debt Management Office ("DMO"), on behalf of the Federal Government of Nigeria ("FGN") will soon be issuing its third Sukuk (the "Transaction") to fund the rehabilitation and construction of key economic road projects across the six geopolitical zones.

 

The FGN Roads Sukuk Company 1 PLC is a special purpose vehicle set up by the FGN with the sole purpose of raising capital from the domestic capital markets through Sukuk Issuance to finance the development of road infrastructure. Sukuk are investment certificates or notes of equal value which evidence undivided interest and/or ownership of tangible assets or usufructs in compliance with Shari'ah principles.


Following its incorporation in 2017, the FGN Roads Sukuk Company 1 PLC has raised N200 billion (N100 billion in 2017 and 2018, respectively) from the domestic capital markets.

 

Please find below the indicative terms and features of the proposed transaction;

Proshare Nigeria Pvt. Ltd.

 

We look forward to your participation in the third FGN Sukuk Bond.

 

For further information; kindly send a request via info@arthursteven.com

 

Proshare Nigeria Pvt. Ltd.


Related News

  1. DMO Releases Public Debt Data as at Sept 2019 and Plans to Issue a Third Sovereign Sukuk
  2. Sukuk Issuance Rose in 2019 as Diversification Continues
  3. Opportunities for Sub-Nationals To Achieve Socio-Economic Development Through Sukuk
  4. Analyst Describes The Challenges Facing Sukuk In Africa
  5. Measuring The Prospects For Sukuk and Infrastructure Financing In Nigeria
  6. Stakeholders At AICIF 2019 Urge For Expansion of Sukuk, Waqf and Takaful
  7. Sukuk Bonds Can Address The Infrastructure and Housing Deficits In Nigeria - Dr Aliyu Dahiru
  8. DMO Lists FGN Second N100bn Sukuk On NSE
  9. Finance Minister Presents N100bn Sukuk Cheque To The Federal Ministry of Power, Works and Housing
  10. Sukuk Offer Opens at 15.743%; Average T-Bills Rate Advanced 73bps to 14.4% Sustaining Bearish Run

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.
READ MORE:
Related News
SCROLL TO TOP