November 6, 2023/Research & Strategy

Futureview Financial Services

Dangote Cement Plc (“Dangote Cement” or the “Company”) has launched Series 10 & 11 Commercial Paper offer of up to ₦50 billion under its ₦300bn Commercial Paper Issuance Programme (the “Offer”). The Offer is NOW OPEN and scheduled to close tomorrow Tuesday, 07 November 2023.

Dangote Cement is Sub-Saharan Africa’s leading cement producer, with a combined capacity of 52Mta (35.3Mta in Nigeria) across its operations in 10 African countries. It operates a fully integrated “quarry-to-customer” business with activities covering manufacturing, sales and distribution of cement. Through its investments, the Company eliminated Nigeria’s dependence on imported cement and transformed the nation into an exporter of cement, serving neighboring countries.

Key Financial Highlights

Please see below indicative terms of the Offer:

For more information, please refer to the documents listed below, which can be accessed through this Link for your appraisal of the Offer:

1.     Programme Memorandum

2.     Series 10 & 11 Pricing Supplement

3.     Series 10 & 11 Commitment Form

4.     GCR rating report

5.     Moody’s rating report

6.     PenCom Certificate