Dangote Cement eyes second issuance of Bonds under its N300bn debt issuance Programme

Dangote Cement grows H1 revenue by 17.7%

Dangote Cement Plc said it has obtained approval from its Board of Directors to access the Capital Markets for medium to long-term debt funding.

The Company said it had submitted an application to the Securities and Exchange Commission (SEC) in respect of the bonds, and relevant approvals have now been received. “The bonds will be issued imminently, subject to favourable market conditions,”Dangote Cement Plc said in a notice at the Nigerian Exchange Limited (NGX).

The Company’s management has disclosed that the proceeds of the bonds will be applied towards funding expansion projects, refinance existing short term debt and for general corporate purposes.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. 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).

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