Browsing: FGN Bonds

A statement by the DMO said the first offer is an August 2030 bond valued at N100 billion, at an interest rate of 17.945 percent (five-year re-opening).

The DMO disclosed this in a circular published on its website over the weekend.

Sukuk or Islamic Bond is a financial instrument structured to generate returns to ethical investors without infringing on the Islamic law, which forbids interest payments.