TAJBank Gets Approval to Launch N20 Billion Second Sukuk Tranche with 20.5% Return

TAJBank, Nigeria’s flagship non-interest lender, has secured regulatory clearance for the second tranche of its ambitious N100 billion Mudarabah Sukuk bond programme, announcing a new N20 billion issuance that offers a 20.5% annual return to investors. The new issuance, officially announced on Tuesday, comes nearly two years after the bank broke new ground with its [...]The post TAJBank Gets Approval to Launch N20 Billion Second Sukuk Tranche with 20.5% Return appeared first on Tekedia.

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