Culled—Proshare

August 31, 2020

by Stanbic IBTC  

We are pleased to inform you of the Series 17 and 18 Commercial Paper issuance (“CP or the “Issuance”), under the Dangote Cement PLC (“Dangote Cement”) NGN150 billion CP Issuance Programme is now open and scheduled to close on Thursday, 03 September 2020. 

Dangote Cement is the largest cement manufacturer in Sub-Saharan Africa with an installed capacity of 45.6Mta across its operations in 10 African countries. Dangote Cement is assigned AA+ long-term rating by GCR and Aa2.ng long-term rating by Moody’s. It is one of the few corporates in Nigeria with a top notch rating of AA+. 

Please see below, the indicative terms of the proposed offer.

Please find attached the following documents:

1. Pricing Supplement
2. Commitment Form
3. Valid PENCOM compliance certificate
4. Moody’s ratings report
5. GCR ratings report

If you have any further enquiries, or require any further documentation, kindly send an email to stockbroking@stanbicibtc.com and/or Dele.Akintola@stanbicibtc.com