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Nairaland Forum / Nairaland / General / Business / Nigeria Issues N100b Sovereign Sukuk For Subscription (10096 Views)
N100b Bec Is Available Duration 6months. / Over N100b Belonging To Investors Still Uncollected—sec / First Sovereign Sukuk Attracts Over N5bn In 2017, Says Committee (2) (3) (4)
Nigeria Issues N100b Sovereign Sukuk For Subscription by mrakeli62: 4:08am On Dec 07, 2018 |
The Federal Government has begun the sale of its second tranche 7-year N100 billion Sovereign Sukuk, the Debt Management Office (DMO), said on Thursday. The offer circular, which was obtained from its website, said the seven year Islamic Sukuk, referred to as Ijarah is at a rental rate of 15.74 per cent and would be due in 2025. The bond, which is aimed at funding road infrastructure across the six geo-political zones, is payable semi-annually. Subscription for the bond, which is guaranteed by the government, will close on Dec. 17. The circular said subscribers could purchase N1,000 per unit subject to a minimum subscription of N10,000 and in multiples of N1,000 thereafter with First Bank and Islamic wealth manager, Lotus Capital managing the sale. The DMO said it qualified as securities in which trustees could invest under the Trustee Investment Act and as government securities within the meaning of Company Income Tax Act (CITA) and Personal Income Tax Act (PITA) for Tax Exemption for Pension Funds. It will also be listed on the Nigerian Stock Exchange (NSE) and on FMDQ Over-The-Counter (OTC) platform and be classified as liquid asset by the Central Bank of Nigeria (CBN). It is also certified by the Financial Regulatory Advisory Council of Experts (FRACE) of the CBN, the circular said. The News Agency of Nigeria (NAN) recalls that the Federal Government had in 2017, raised a N100 billion 7-year debut Sukuk bond for the financing of 25 road projects across the six geopolitical zones of the country. https://www.akelicious.net/2018/12/nigeria-issues-n100b-sovereign-sukuk.html 2 Likes
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Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by helinues: 7:13am On Dec 07, 2018 |
How can I get one? What's the maximum unit I can purchase? Hope we wont hear story after 7 years cos it must be new government entirely. |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Ayorinwolemi: 7:13am On Dec 07, 2018 |
ok |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by crownwealth: 7:14am On Dec 07, 2018 |
APC last minute looting...? 8 Likes 1 Share |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by versashee: 7:14am On Dec 07, 2018 |
Lost |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by MCMXCVIII(m): 7:14am On Dec 07, 2018 |
Please person that af chop this morning should come and explain. My sense is on strike. 9 Likes |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Nobody: 7:15am On Dec 07, 2018 |
Federal Government had in 2017, raised a N100 billion 7-year debut Sukuk bond for the financing of 25 road projects across the six geopolitical zones of the country. This government is working assiduously. Thumbs up! 19 Likes 4 Shares |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Iniotong(m): 7:15am On Dec 07, 2018 |
See money |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Thickcok01: 7:15am On Dec 07, 2018 |
How this news take reduce my HIV status |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by basty: 7:15am On Dec 07, 2018 |
Are we gradually drifting into an Islamic state? 3 Likes |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by lordinoh(m): 7:16am On Dec 07, 2018 |
Ok |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by crownwealth: 7:16am On Dec 07, 2018 |
Nigeria local and foreign debts skyrocketing under the failed & fraudulent party of rogues 7 Likes |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by OzziOhinoyi(m): 7:16am On Dec 07, 2018 |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by GreenNegro(m): 7:16am On Dec 07, 2018 |
Nice one |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by crownwealth: 7:16am On Dec 07, 2018 |
[s] TheGreenLand:[/s] This is beyond your knowledge sir. Future mortgaged! 15 Likes |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Kylekent59: 7:17am On Dec 07, 2018 |
Happy Birth Day To Me Thank you lord for another blissful chance to celebrate this life of mine,i am so grateful.. 23 Likes 1 Share |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by InvertedHammer: 7:19am On Dec 07, 2018 |
/ 2025 maturity. Adjusted for inflation, will this make economic sense? N5m invested in sukuk vs N5m invested in lands acquisitions (considering the peculiar Nigeria's business environment), which will give a better yield? What is the ROI for those who invested in the OBJ's era much touted Transcorp Hilton? Be wary of investing in government when possible tenure end is nigh. Common sense. Leave textbooks alone. / 3 Likes |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by kaymandak(m): 7:20am On Dec 07, 2018 |
crownwealth:Get sense 3 Likes 2 Shares |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by 77up(m): 7:20am On Dec 07, 2018 |
Shukuk bond |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by crownwealth: 7:21am On Dec 07, 2018 |
kaymandak: Use your brain. They are stealing your future already. 1 Like |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Gosj01(m): 7:22am On Dec 07, 2018 |
Money flying everywhere. I sell clean, good and cheap laptops. More in signature. |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by crownwealth: 7:23am On Dec 07, 2018 |
InvertedHammer: Brainwashed Zone Bs will never understand. 3 Likes |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by 77up(m): 7:25am On Dec 07, 2018 |
crownwealth:What ever you don't know ask maturly and stop embarrassing your self in the public all because you hate. Note: haters will never move forward unless they change! 6 Likes 3 Shares |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by israelmao(m): 7:25am On Dec 07, 2018 |
Good way to curb external borrowing or manage external debt.I miss Kemi's cockney accent. 2 Likes |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Nobody: 7:26am On Dec 07, 2018 |
Kylekent59:Happy birthday and many happy returns of the day. May God grant your heart desires. Enjoy your day paddy. 1 Like 1 Share |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Nobody: 7:26am On Dec 07, 2018 |
helinues: Does Transcorp ring a bell? 1 Like |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Stalwert: 7:26am On Dec 07, 2018 |
great more wailing tea to the wailers 2 Likes 2 Shares |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by crownwealth: 7:26am On Dec 07, 2018 |
77up: Wetin dis one dey talk? Anyway, this topic is beyond your comprehension. 2 Likes 1 Share |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Nobody: 7:27am On Dec 07, 2018 |
77up:You even have time to reply that illiterate bro. The boy called crownwealth is a sorry case. |
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Nobody: 7:27am On Dec 07, 2018 |
Stalwert:Lol , they are wailing already bro. Like that crownwealth above, the real wailing zombie. See them mouth.... 2 Likes 2 Shares
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