Page 27 - நைஜீரியன் பரிமாற்றம் வரையறுக்கப்பட்டவை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Goddy Egene Dangote Cement Plc has announced its successful issuance of a N50 billion Series 1 Fixed Rate Senior Unsecured bond under its new N300 billion multi-instrument issuance programme. The leading cement manufacturing firm said in a statement that despite market headwinds, the bond issuance was well received and recorded participation from a wide range of investors including domestic pension funds, asset managers, insurance companies and high net-worth investors. According to the company, the proceeds of the bond issuance will be deployed for its expansion projects, short-term debt refinancing and working capital requirements. The bonds were issued at coupon rates of 11.25 per cent, 12.50 per cent and 13.50 per cent for the 3, 5 and 7 years tranches respectively.

Ogun stateSouth africaNigeria generalSierra leoneMichel puchercosGoddy egeneSecurities exchangeDangote cement plc is subNigerian exchangeDangote cement plcCement plcRate senior unsecuredChief executive officerDangote cementGreen bondsNigerian exchange limited