The Debt Management Office (DMO) has announced plans to expand its capital market offering by listing an additional N130 billion Sovereign Sukuk on the Nigerian Exchange Ltd, NGX and the FMDQ Securities Exchange Ltd.

Report indicates that the DMO disclosed this on Thursday in a statement posted on its website.

DMO said the move would boost the range of financial offerings at the disposal of investors in the capital market.

The statement explained that the Sovereign Sukuk was opened for subscription in November 2022 with an initial offer of N100 Billion.

It said: “To accommodate the needs of diverse investors who subscribed to the Sukuk, N130 billion was allocated”.

Regarding gains so far, DMO added that the proceeds from Sukuk amounting to N742.57 billion were used to facilitate the construction of roads across the country.

(CDA NEWS)
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