The Nigerian Stock Exchange (NSE) earlier on Monday June 15, 2020 listed the Dangote Cement Plc N100billion bond.
The 5 Years bond at a coupon of 12.50percent Fixed Rate due 2025 is under the N300 billion Debt Issuance Programme of Dangote Cement Plc.
The Bonds were 100percent subscribed. Meristem Stockbrokers Limited is the stockbroker to the listed bond.
The bond’s coupon payment is semi-annually, on October 30 and April 30, of each year commencing on April 24, 2020 until the maturity date.
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Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.
