• 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 Markets Equities Company Results

Dangote Cement Plc completes issuance of N50 billion Series 1 fixed rate bond.

Chidi Emenike by Chidi Emenike
June 16, 2021
in Company Results, Markets
Share on FacebookShare on TwitterShare on Linkedin

Dangote Cement Plc, Africa’s largest cement producer, has announced the successful issuance of a N50 billion Series 1 Fixed Rate Senior Unsecured Bonds.

According to an official disclosure sent to the Nigerian Exchange Group Limited, the recent issuance is part of the company’s N300 billion Multi-Instrument Issuance Programme. The bonds were issued on 26th of May, 2021 at coupon rates of 11.25%, 12.50% and 13.50% respectively for the 3,5, and 7 year tranches respectively.

The firm noted that the proceeds from the bond issuance will be used to further expand the company and meet its short-term debt refinancing and working capital requirements. It is worthy to note that a range of investors like pension funds, asset managers, insurance companies and high net-worth individuals, participated actively in the bond issuance.

RelatedStories

‘My Mother Is A Witch’ crosses N100 million at Nigerian box office 

‘My Mother Is A Witch’ crosses N100 million at Nigerian box office 

July 15, 2025
Payaza’s triple credit rating: A milestone for Nigerian fintech leadership 

Payaza’s triple credit rating: A milestone for Nigerian fintech leadership 

July 15, 2025

Additionally, Dangote Cement revealed that it has registered a programme that will enable it consider different types of fixed income instruments that will serve the needs of different type of investors.

Commenting on the successful issuance of the Series 1 bond, the Chief Executive Officer of Dangote Cement, Michel Puchercos,  said : ‘’ This bond issuance allows us move a step further in achieving our expansion objectives and will be deployed to projects instrumental in supporting our export strategy while improving our cost competitiveness. We thank the investor community for their continued support in the management of Dangote Cement and their successful participation in the bond issuance.’’

What you should know:

  • Dangote Cement Plc is the largest cement producing firm in Africa’s with an installed capacity of 48.6Mta capacity across 10 African countries. It operates a fully integrated “quarry-to-customer” business with activities covering manufacturing, sales and distribution of cement.
  • Absa Capital Markets, Nigeria acted as Lead Issuing House for the Series 1 Bonds. On the other hand, Stanbic IBTC Capital, Standard Chartered Capital & Advisory Nigeria Limited, United Capital Plc, FBN Quest Merchant Bank, FCMB Capital Markets, Coronation Merchant Bank, Ecobank Development Corporation Nigeria, Futureview Financial Services, Meristem Capital Limited, Rand Merchant Bank, Quantum Zenith Capital and Vetiva Capital Management acted as Joint Issuing Houses.
  • The Bond will be listed on both the Nigerian Exchange Group Limited and FMDQ Securities Exchange.
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

Related Posts

‘My Mother Is A Witch’ crosses N100 million at Nigerian box office 
Business News

‘My Mother Is A Witch’ crosses N100 million at Nigerian box office 

July 15, 2025
Payaza’s triple credit rating: A milestone for Nigerian fintech leadership 
Companies

Payaza’s triple credit rating: A milestone for Nigerian fintech leadership 

July 15, 2025
CWG’s Texcellence Prelude champions bold leadership for Africa’s Tech Future 
Companies

CWG’s Texcellence Prelude champions bold leadership for Africa’s Tech Future 

July 15, 2025
WHO , EG.5 coronavirus variant, US, China
Health

WHO backs global use of twice-yearly Lenacapavir Injection for HIV prevention

July 15, 2025
SEC warns Nigerians against investing in Risevest and Stecs  
Cryptos

Crypto regulations in Nigeria; these businesses may not survive 

July 15, 2025
PIA 2021 attracts $16 billion in investments, boosts oil production — Reps Deputy Speaker 
Economy

PIA 2021 attracts $16 billion in investments, boosts oil production — Reps Deputy Speaker 

July 15, 2025
Next Post
e-naira: Jamb says applicants can now pay for UTME using digital currency

JAMB releases 2021 mock UTME results

Leave a Reply Cancel reply

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

Emple
nlng
first bank








DUNS

Recent News

  • ‘My Mother Is A Witch’ crosses N100 million at Nigerian box office 
  • Payaza’s triple credit rating: A milestone for Nigerian fintech leadership 
  • CWG’s Texcellence Prelude champions bold leadership for Africa’s Tech Future 

Follow us on social media:

Recent News

‘My Mother Is A Witch’ crosses N100 million at Nigerian box office 

‘My Mother Is A Witch’ crosses N100 million at Nigerian box office 

July 15, 2025
Payaza’s triple credit rating: A milestone for Nigerian fintech leadership 

Payaza’s triple credit rating: A milestone for Nigerian fintech leadership 

July 15, 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