The Debt Agency confirmed the listing in a statement posted
on its website. It said it will be listed on August 3, 2023.
The Sovereign Sukuk was opened for subscription in November
2022 with an initial offer of N100 billion.
The subscription garnered immense interest from investors
with a remarkable subscription level of N165. 25 billion which represents over
165% of the amount offered. To accommodate the needs of diverse investors who
subscribed to the Sukuk, N130 billion was allocated.
Total Sovereign Sukuk issued from 2017 till date stands at
N742.557 Billion and the proceeds have facilitated the construction and
rehabilitation of over seventy-five (75) Nigerian roads and bridges across the
country.
The listing of the N130 Billion Sovereign Sukuk on the NGX
and FMDQ Securities Exchange will expand the range of financial offerings
available to investors in the capital market.
The opportunity to buy and sell the Sovereign Sukuk will
provide liquidity to investors and promote price discovery
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