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;
We look forward to your participation in the third FGN Sukuk Bond.
For further information; kindly send a request via firstname.lastname@example.org