Federal Government listed 162,557,000 units of Federal Government of Nigeria Roads Sukuk Company 1 Plc’s bond due 2027 on the Nigerian Stock Exchange on Thursday.
The N162.557 Billion 7-Year FGN Sovereign Sukuk due 2027 was listed at a return of 11.200 percent.
See the details below.
Issuer – Federal Government of Nigeria Roads Sukuk Company 1 Plc
Bond description – N162.557 Billion 7-Year FGN Sovereign Sukuk due 2027 at a return of 11.200%.
Symbol code – FGSUK2027S3
Symbol name – 11.200% FGN JUN 2027
ISIN code – NGFGSUK20279
Issue size – N162,557,000,000
Price – N1,000 per unit
Minimum subscription – Minimum of N10,000 (i.e. 10 units @ N1,000/unit) and in multiples of N1,000 (1 unit) thereafter
Rental rate – 11.200%
Issue date – 16 June 2020
Maturity date – 16 June 2027
Rental payment date – The last day of a Rental Period, i.e. 16 June and 16 December of each year
Tenor – 7 years
