Really in terms of the number of investors we are getting, we will be glad to have larger volumes but being able to get more first time investors is also success for us and at the last count we had reached about 10 thousand for the federal savings bonds a
forward we should be able to extend it to other capital projects. capital projects in the budget for N500 billion and we want to assure that if we issue a Sukuk for N500 billion the market can absorb it. So let’s begin to sensitize the public, deepen that investor base and we will all be the better for it.
What are the conditions and payment plans for the Sukuk?
The Sukuk we issued is a seven-year Sukuk and we will redeem it at maturity, meaning seven years from December last year. The rentals like our FGN bonds are paid every six months at 15.7%.