MARKET BULLETIN


14 November 2025			                                                         NGXREG/IRD/MB91/25/11/14 


TAJ Sukuk Issuance Programme SPV Plc: Listing of Bonds

Trading License Holders are hereby notified that the TAJ Sukuk Issuance Program SPV Plc?s N57,029,771,000 Series 2 Mudarabah Sukuk under the N100,000,000,000 Sukuk Issuance Programme was listed on Nigerian Exchange Limited today, Friday, 14 November 2025.

Below are details of the Bonds:
Particulars	Bond
Issuer	TAJ Sukuk Issuance Programme SPV Plc
Sponsor	TAJ Bank Limited
Description of the Sukuk	20.5% Series 2 Mudarabah Sukuk Issuance
Programme Size	N100,000,000,000.00
Series Number 	2
Quantity to be Listed	57,029,771
Issue Price	N1,000
Series size	N57,029,771,000.00
Projected Profit to Sukuk holders	20.5% p.a.
Periodic Payment Distribution Dates	Bi?annual in arrears
Profit Sharing Ratio	Taj Bank Limited ? 75%
	Trust Sukuk Holders ? 25%
Symbol Name	20.5% TAJ SUKUK S2
ISIN	NGTAJSUKS201
Symbol Codes	TAJSUKS2
Issue Date	10 June 2025
Maturity Date	The Trust Sukuk Certificate is perpetual, but callable after a minimum period of 5 Years
Joint Shari?ah Adviser	One17 Capital Limited
	Buraq Capital Limited
Joint Trustees	AVA Trustees Limited
	FBNQuest Trustees Limited
	Meristem Trustees Limited
Joint Stockbrokers	United Capital Securities Limited
	AVA Securities Limited
Registrar	Cordros Registrars Limited
Rating Agency	Agusto & Co Limited
	DataPro Limited


This is for your information please.
 
Godstime Iwenekhai
Head, Issuer Regulation Department