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GENDER BASED VIOLENCE: OSUN STATE GOVERNMENT SET TO ESTABLISH MOBILE COURTS  | Governor Adeleke, Women Affairs Minister Strike Deals on Women Development | Osun: Environment Commissioner, Adejoorin Counsels Residents On Indiscriminate Dumping of Refuse | Birthday: Governor Adeleke Felicitates with Elerinmo of Erinmo | Governor Adeleke Approves Construction of Hajj Camp for Osun State | Governor Adeleke Approves Construction of Hajj Camp for Osun State | Fake News: Osun Government Sets up Action Committee On Cyber Crimes, Cyber Bullying | His Excellency Gov. Ademola Adeleke observed Iftar with Royal Fathers in Osun | For Ramadan /Easter Needs, Governor Adeleke Approves March Salaries, Pensions, Palliatives | Governor Adeleke Approves Promotions within Civil Service | Governor Adeleke Sets up Implementation Panel on the White Paper on Contract Review Committee | Courtesy visit by Minaret International University Foundation | It”s our collective interest for Mr President to succeed – Gov Adeleke | GOVERNOR ADELEKE CONGRATULATES NEW NACA DIRECTOR–GENERAL, DR. TEMITOPE ILORI | OSUN APC IS A LYING MACHINE- GOVERNOR ADELEKE DID NOT TAKE ANY LOAN | Governor Adeleke Salutes Barr Owolade at 70 | Governor Adeleke Opens Rehabilitated Government House, Says Upgrading State Assets is a Policy | Olubadan’s Exit: Gov Adeleke Commiserates with Gov Makinde, Ibadan people | The management of the Federal College of Education, Iwo paid a courtesy visit to Gov. Ademola Adeleke | The World Health Organization (WHO) team led by Prof. Ebun Adejuyigbe paid a courtesy visit to Governor Ademola Adeleke

Breaking News

GENDER BASED VIOLENCE: OSUN STATE GOVERNMENT SET TO ESTABLISH MOBILE COURTS  | Governor Adeleke, Women Affairs Minister Strike Deals on Women Development | Osun: Environment Commissioner, Adejoorin Counsels Residents On Indiscriminate Dumping of Refuse | Birthday: Governor Adeleke Felicitates with Elerinmo of Erinmo | Governor Adeleke Approves Construction of Hajj Camp for Osun State | Governor Adeleke Approves Construction of Hajj Camp for Osun State | Fake News: Osun Government Sets up Action Committee On Cyber Crimes, Cyber Bullying | His Excellency Gov. Ademola Adeleke observed Iftar with Royal Fathers in Osun | For Ramadan /Easter Needs, Governor Adeleke Approves March Salaries, Pensions, Palliatives | Governor Adeleke Approves Promotions within Civil Service | Governor Adeleke Sets up Implementation Panel on the White Paper on Contract Review Committee | Courtesy visit by Minaret International University Foundation | It”s our collective interest for Mr President to succeed – Gov Adeleke | GOVERNOR ADELEKE CONGRATULATES NEW NACA DIRECTOR–GENERAL, DR. TEMITOPE ILORI | OSUN APC IS A LYING MACHINE- GOVERNOR ADELEKE DID NOT TAKE ANY LOAN | Governor Adeleke Salutes Barr Owolade at 70 | Governor Adeleke Opens Rehabilitated Government House, Says Upgrading State Assets is a Policy | Olubadan’s Exit: Gov Adeleke Commiserates with Gov Makinde, Ibadan people | The management of the Federal College of Education, Iwo paid a courtesy visit to Gov. Ademola Adeleke | The World Health Organization (WHO) team led by Prof. Ebun Adejuyigbe paid a courtesy visit to Governor Ademola Adeleke
Sukuk bond – 4
Webmaster March 5, 2014

Osun Bond: Lotus Capital Wins African Deal Of The Year Award

Sukuk bond - 4Following the successful conclusion of the Osun State Sukuk, Foremost Halal investment management firm, Lotus Capital Limited, has been honoured as the best in Africa by the Islamic Finance News (IFN).
The award ceremony put together by IFN was held in the United Arab Emirates. Lotus Capital won the Africa Deal of the Year category as the lead issuing house for the N11.4 billion Osun state sukuk issue, which was listed on the Nigerian Stock Exchange (NSE) in September 2013.
This was the first ever sub-sovereign Sukuk in Africa. The issue was oversubscribed by about 20 per cent which was a positive confirmation of the trust and confidence the market placed on the offer.
The Osun state government, represented by the Honourable Commissioner of Finance, and the Solicitors to the Issue, Kola Awodein and Co, were also award recipients for the deal.
Close to 400 transactions were nominated for 2013 in over 30 categories in the IFN Awards Deal of the Year, signifying a 33 per cent rise in the number of nominations and a 20 per cent increase in categories over the previous year.
General Manager, Listings Sales and Retention, Mrs Taba Peterside, who represented the NSE at the event in Dubai, said “The NSE is focussed on broadening investor choice by introducing  a variety of new products to the market
“We are therefore delighted that Lotus Capital has been recognised with this prestigious award in structuring the first sub-sovereign African listed Sukuk. Lotus also developed our first Islamic Index on the NSE and we look forward to a continued fruitful partnership with them”
Lotus Capital Limited had partnered with The NSE in July 2012 for the development and management of a certified Shari’ah compliant Index known as the “NSE Lotus Islamic Index” or NSE LII.
The index consists of companies in conformity with the principles of Shari’ah and was the first index created to track the performance of Shari’ah compliant equities on the floor of the bourse. Investment instruments like Exchange Traded Funds (ETFs) are expected to be built on the Index which ethically minded investors, both in Nigeria and overseas can invest in.
THISDAY

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