The Federal Government, through the Debt Management Office (DMO), has launched a N300 billion Sovereign Sukuk aimed at financing critical infrastructure projects across the country.
The offer, which opened on Monday, May 12, will run until May 20, with a settlement date fixed for May 23. It is a seven-year Ijarah (lease) Sukuk with a rental rate of 19.75 percent per annum, payable twice a year.