Tag: Sukuk

Dana Gas restructures $700 million Sukuk bond
Energy

Dana Gas restructures $700 million Sukuk bond

Dana Gas PJSC, the Middle East’s largest regional natural gas company said it reached an agreement with the Ad-Hoc committee of Sukukholders on terms and conditions of an offer for the restructuring and refinancing of its Sukuk Al-Mudarabah, the nominal value of which on 31 October 2017 was $700 million. […]

Nigeria issues NGN100 billion sovereign Sukuk
Policy

Nigeria issues NGN100 billion sovereign Sukuk

Africa’s largest economy, Nigeria has once again diversified its borrowing options by issuing a NGN100 billion Sukuk for local investors. According to a memo issued by the debt service office, the Sukuk bond will be used to fund road infrastructure. The bond will carry a seven-year tenor with a yield […]

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Policy

What Are Sukuk Securities?

You must have been hearing about Sukuk investments and you do not know how it works and what makes it different from other forms of financing. As usual at PageOne Markets, we adapted a well-thought-out crash course on Sukuk written by the FMDQ OTC Securities Exchange and how it is […]