N150 Sovereign Sukuk attracts N653 subscription

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The N150 billion Sovereign Sukuk Issued by the Debt Management Office (DMO) on behalf of the Federal government has attracted N652 billion from investors.

According to the result of the exercise released by the agency this afternoon, N350 billion has been allocated to various investors

It said, “The N150 billion Sovereign Sukuk whose Offer for Subscription closed on October 11, 2023, was well received with a Total Subscription of N652.827 billion. “In response to this strong demand for the Sukuk, the Debt Management Office has allocated N350 billion to the diverse investors who subscribed to the Sovereign Sukuk.

 

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