November 7, 2023/Research & Strategy
Futureview Financial Services
he launch of the Dangote Cement PLC (“Dangote Cement” or the “Company”) Series 10 & 11 Commercial Paper offer of up to ₦50 billion under its ₦300bn Commercial Paper Issuance Programme (the “Offer”). The Offer is CLOSING TODAY 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:
- Programme Memorandum
- Series 10 & 11 Pricing Supplement
- Series 10 & 11 Commitment Form
- GCR rating report
- Moody’s rating report
PenCom Certificate
