By Tony Obiechina, ABUJA
The Debt Management Office (DMO) has announced the result of its recent public offering of N100 billion, 7-year 15.743% Sovereign Sukuk due 2025.
According to a statement from the DMO in Abuja on Friday, it received Subscriptions of over N132 billion from 2073 Investors.
The statement explained that the high success rate of the Sukuk, which is the second by the Federal Government of Nigeria showed investors’ appetite for FGN Securities.
“Their interest is in the fact that the proceeds will be used to improve the state of road infrastructure in the country”, it added.
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