April 12, 2024/Futureview Research

Dangote Cement PLC (“Dangote Cement” or the “Company”) has announced the launch of Series 13 & 14 Commercial Paper offer of up to ₦100 billion under its ₦300 billion Commercial Paper Issuance Programme (the “Offer”).

The Offer is NOW OPEN and scheduled to close on Tuesday, 16 April 2024.

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 neighbouring countries.

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 13 & 14 Pricing Supplement

3.   Series 13 & 14 Commitment Form

4.   Ratings reports

5.   PenCom Certificate