{"id":1592,"date":"2022-12-12T11:31:54","date_gmt":"2022-12-12T11:31:54","guid":{"rendered":"https:\/\/www.greenwichbankgroup.com\/?p=1592"},"modified":"2022-12-12T11:31:56","modified_gmt":"2022-12-12T11:31:56","slug":"fgn-sukuk-series-v-greenwich-merchant-bank-supports-the-federal-government-to-raise-n130-billion-for-infrastructure-projects","status":"publish","type":"post","link":"https:\/\/www.greenwichbankgroup.com\/fgn-sukuk-series-v-greenwich-merchant-bank-supports-the-federal-government-to-raise-n130-billion-for-infrastructure-projects\/","title":{"rendered":"FGN Sukuk Series V \u2013 Greenwich Merchant Bank supports the Federal Government to raise N130 Billion for infrastructure projects"},"content":{"rendered":"\n<p>Greenwich Merchant Bank Limited, a mandated Issuing House to the Federal Government\u2019s 15.64% N100 Billion Sukuk V Issuance has successfully closed the offer with a subscription level of over N165 Billion.<\/p>\n\n\n\n<p>The initial N100 Billion offered was upsized to N130 Billion due to the subscription level of over 165%, evidencing Investor\u2019s sustained appetite for the FGN Sukuk programme led by the Debt Management Office, Nigeria.<\/p>\n\n\n\n<p>The proceeds of the Sukuk V Issuance, will be used to finance road rehabilitation and construction projects across the six geo-political zones of the Country.<\/p>\n\n\n\n<p>Speaking on this development, the Managing Director, Greenwich Merchant Bank, Mr Bayo Rotimi said \u201d the Bank\u2019s participation as an Issuing House in the Sukuk transaction is evidence of our focus on infrastructural development as a key driver of economic development\u201d.<\/p>\n\n\n\n<p>Greenwich Merchant Bank is very proud to have supported the Federal Government in this milestone transaction and remains determined to deliver solutions that improve the socio-economic position of Nigerians&#8221; said Rotimi.<\/p>\n\n\n\n<p>In 2021, Greenwich Merchant Bank also served as an Issuing House in the FGN N250 Billion Sukuk IV Issuance which was over-subscribed&nbsp;by&nbsp;346%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greenwich Merchant Bank Limited, a mandated Issuing House to the Federal Government\u2019s 15.64% N100 Billion [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":1611,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,15,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.greenwichbankgroup.com\/wp-json\/wp\/v2\/posts\/1592"}],"collection":[{"href":"https:\/\/www.greenwichbankgroup.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greenwichbankgroup.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greenwichbankgroup.com\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greenwichbankgroup.com\/wp-json\/wp\/v2\/comments?post=1592"}],"version-history":[{"count":2,"href":"https:\/\/www.greenwichbankgroup.com\/wp-json\/wp\/v2\/posts\/1592\/revisions"}],"predecessor-version":[{"id":1612,"href":"https:\/\/www.greenwichbankgroup.com\/wp-json\/wp\/v2\/posts\/1592\/revisions\/1612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.greenwichbankgroup.com\/wp-json\/wp\/v2\/media\/1611"}],"wp:attachment":[{"href":"https:\/\/www.greenwichbankgroup.com\/wp-json\/wp\/v2\/media?parent=1592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greenwichbankgroup.com\/wp-json\/wp\/v2\/categories?post=1592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greenwichbankgroup.com\/wp-json\/wp\/v2\/tags?post=1592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}