NOW OPEN!!! UP TO N100 BILLION FEDERAL GOVERNMENT OF NIGERIA SERIES V SUKUK ISSUANCE
Dear Esteemed Client,
Please be informed that the Federal Government Sukuk offer for subscription is now open from Monday, 21st November 2022 and will close on Tuesday, 29th November 2022. All completed forms should be submitted on or before the stipulated deadline.
Proceeds from this instrument would be used solely for the construction and rehabilitation of key roads across the six geopolitical zones of the country.
Please find details of the Sukuk Offering below:
10-YEAR IJARAH SUKUK
Opening Date | Monday, 21 November, 2022 |
Closure Date | Tuesday, 29 November, 2022 |
Tenor | 10 years |
Rental Rate | 15.64% Per Annum |
Repayment: | Bullet sum at maturity |
Use of Proceeds | The funds will be used to finance rehabilitation and construction of road projects across the six geo-political zones |
Distribution | Fixed price public offering to all classes of investors |
Listing | Nigerian Exchange Limited and FMDQ Securities Exchange Limited |
Minimum Subscription | Minimum of NGN10,000 (at NGN1,000/unit) and in multiples of NGN1,000 thereafter |
Rental Payment | Rentals shall accrue for the use of the Lease Assets, from the Issue Date and is payable semi-annually in arrears in the form of a rental payment from the FGN |
The Interest on Sukuk offer is paid half yearly and the bond is backed by the full faith and credit of the Federal Government of Nigeria and charged upon the general assets of Nigeria.
Kindly complete the attached subscription form. Fill, send the completed form and make payment into any of the bank accounts stated below.
Please note that you will not be charged any commission for investing in FGN Sukuk offering during the auction period.
Please see below our bank details.
GTBANK PLC | MBC SECURITIES LIMITED | 0012200376 |
ECOBANK PLC | MBC SECURITIES LIMITED | 2562036993 |
ZENITH BANK | MBC SECURITIES LIMITED | 1011736779 |
For further enquiries, kindly reach:
Ismail Lawal- ilawal@mbcgroup.com.ng /08079214500
Titus Oyafemi- toyafemi@mbcgroup.com.ng/ 08023906411
Obianuju Egwuatu – oegwuatu@mbcgroup.com.ng /08137475868
Odunayo Ogirimah –oodunayo@mbcgroup.com.ng /08097915303
Thank you.