• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Dangote Cement considering debt capital raise

Onome Ohwovoriole by Onome Ohwovoriole
October 20, 2017
in Business News, Company News
Dangote Cement considering debt capital raise
Share on FacebookShare on TwitterShare on Linkedin

Management of Dangote Cement Plc is currently weighing several options to raise debt capital. Chief Finance Officer (CFO) of the firm, Brian Egan during a conference call held today revealed that the company was considering either a Eurobond or a local debt issue. A Eurobond is one raised in a foreign currency, usually dollars.

Why is the firm considering this?

According to Egan, 70% of the firm’s N389 billion debt was owed to Dangote Industries Limited (DIL), a situation the firm no longer felt comfortable with. DIL is the holding company through which Aliko Dangote maintains a controlling stake in the cement company. Yields (interest rates) on domestic bonds are also trending lower, reducing the cost of a potential debt raise. An equity raise is not an option as that would dilute DIL’s holding, which is ultimately controlled by Aliko Dangote.

RelatedStories

Dangote Cement Plc announces commencement of 168.73 million Tranche I Share buy-back programme

Dangote lists N300 billion series 1 and 2 bonds on NGX, FMDQ

March 30, 2023
CBN issues directive to curb mass sacking by banks

How companies determine who to fire in an economic crunch

November 29, 2022

Implications of the move

The company could opt to pay down its debt to DIL, which would provide funding for other projects being pursued by the group. The Dangote Group is currently embarking on a mega refinery project, and has unveiled plans to go into dairy farming. The firm could also plough the capital towards its expansion plans. Outgoing Managing Director, Onne van Weijde has revealed that the company would still consider acquiring South Africa’s PIC cement if the price was right.

Dangote Cement Plc yesterday released its 9 month 2017 results and informed the investing community of the retirement of its Managing Director. Jospeh Makoju has also been appointed Acting Managing Director, pending when a new MD will be appointed.

Dangote shares closed at N220 in yesterday’s trading session on the Nigerian Stock Exchange, up 26.4% year to date.

 

Tags: Dangote Industries limited (DIL)News Review
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Related Posts

Dangote Cement Plc announces commencement of 168.73 million Tranche I Share buy-back programme
Markets

Dangote lists N300 billion series 1 and 2 bonds on NGX, FMDQ

March 30, 2023
CBN issues directive to curb mass sacking by banks
Small Business

How companies determine who to fire in an economic crunch

November 29, 2022
shopping mall prices
Blurb

Why A Drop In Inflation Does Not Necessarily Mean A Drop In Prices Of Commodities

July 17, 2019
Dangote Cement considering debt capital raise
Business News

Dangote Group flags off multibillion global headquarter in Lagos

October 8, 2018
Under 40 children of billionaires sitting on the boards of mega quoted companies (2)
Company News

Manufacturing is key to economic growth, development – Dangote

August 30, 2018
Treasury Bills
Financial Literacy

20 Financial Terms You Need To Know In The Stock Market

August 5, 2018
Next Post
Adedayo Sanni invents world acclaimed automated fingerprint payment machine

Adedayo Sanni invents world acclaimed automated fingerprint payment machine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Nigeria, 35 other countries at risk as U.S. plans major expansion of travel ban list 
  • Six Nigerian Banks face risk of lower profits, dividends over end to CBN forbearance  
  • Labubu doll maker Wang Ning becomes China’s youngest top 10 billionaire with $22.7 billion 

Follow us on social media:

Recent News

Trump hosts exclusive dinner for top meme coin investors amid controversy 

Nigeria, 35 other countries at risk as U.S. plans major expansion of travel ban list 

June 16, 2025
President Tinubu reacts to Port Harcourt Refinery revival, orders reactivation of Warri, Kaduna Plants 

Six Nigerian Banks face risk of lower profits, dividends over end to CBN forbearance  

June 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics