First sovereign sukuk attracts over n5bn in 2017 says committee
It seems like you're referring to a news article or report about the Nigerian capital market. Here's a breakdown of the information:
- "First sovereign sukuk" likely refers to the debut issuance of a sovereign bond (sukuk) by the Nigerian government.
- "Attracts over N5bn" means that the sukuk issuance received an investment of over N5 billion (approximately $13.6 million USD) in 2017.
- "Says committee" likely refers to a committee or organization that monitored or oversaw the sukuk issuance, such as the Nigerian government's Debt Management Office (DMO) or a financial regulatory body.
In 2017, the Nigerian government issued its first sovereign sukuk, which was a 5-year, N100 billion (approximately $267 million USD) bond. The sukuk was issued to raise funds for infrastructure development and was oversubscribed, attracting investments from local and international investors. The success of the sukuk issuance was seen as a significant milestone for the Nigerian capital market and a testament to the growing demand for Islamic finance products in the country.