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Nigeria's 100-bln-naira debut sovereign sukuk oversubscribed by 5.8 pct -debt office
September 27, 2017 / 3:14 PM / in 22 days

Nigeria's 100-bln-naira debut sovereign sukuk oversubscribed by 5.8 pct -debt office

LAGOS, Sept 27 (Reuters) - A 100-billion-naira debut sovereign sukuk launched by Nigeria’s government on the domestic market last week was 5.8 percent oversubscribed, the Debt Management Office said on Thursday.

The seven-year Islamic bond, which is structured as a lease and guaranteed by the government, fetched 105.87 billion naira in subscription from retail and institutional investors. (Reporting by Chijioke Ohuocha and Camillus Eboh)

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