Home News Dangote Cement Plc Issuance of Bonds Under Its ₦300 Billion Bond
Dangote Cement Plc Issuance of Bonds Under Its ₦300 Billion Bond

Dangote Cement Plc Issuance of Bonds Under Its ₦300 Billion Bond

0
0

Dangote Cement Plc Contemplates An Inaugural Issuance of Bonds Under Its ₦300 Billion Bond Programme

Dangote Cement PLC (DCP) has obtained approvals from its Board of Directors to access the capital markets for medium term debt funding. DCP intends to issue its maiden series of bonds (the “Series 1 Bonds”) imminently, subject to obtaining regulatory approvals and favorable market conditions.

The process of obtaining requisite approvals from the Securities and Exchange Commission (“SEC”) for issuance of the Series 1 Bonds has begun. The management of DCP has disclosed that the proceeds of the Series 1 Bonds will be used to refinance existing short-term debt previously applied towards cement expansion projects, working capital and general corporate purposes.

Book building for the Series 1 bonds will commence following approval of the transaction by the SEC.

Signed:

Edward Imoedemhe
Deputy Company Secretary

LEAVE YOUR COMMENT

HAUSA TELEVISION

Giving our cherished viewer the opportunity with 1,000,000 Donation Shares. FUND RAISING PROJECT. Join the Hausa Television family now!


INFRODUCTION
Africa serves as a home to over 1.216 billion people, yet it’s difficult for these 53 countries to communicate with each other due to 1250–3000 numerous languages present per country. Business and organisation face this same challenge as they look to expand to Africa.


However, the Hausa language serves as a language for communication across West Africa which spans among other countries with over 170 million speakers.

Our plan for the future starts with you.
kindly buy one(1) or more of the shares to receive all the benefit.

HOW TO BUY
MTN MOBILE MONEY, AIRTELTIGO CASH AND VODAFONE CASH | CREDIT CARD

CLICK HERE TO BUY NOW

PRICE LIST
Ghana GH¢ 5.00 | Nigeria NGN 500.00 | Niger XOF 500.00 | USA US$ 5.00 | Saudi SAR 5.00 | Europe EUR 5.00. Terms and conditions apply.

Enable Notifications    OK No thanks