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Dangote Cement Opens Series 1 Bond Issuance of Up to N100 Billion

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Image Credit: Dangote Cement Plc

November 19, 2024/Futureview Research

Dangote Cement PLC (“Dangote Cement” or the “Company”) Series 1 Bond Offer of up to N100 billion under its NGN300 billion Multi-instrument Issuance Programme (the “Offer”) is NOW OPEN and scheduled to close on Friday, 22 November 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 neighboring countries.

Please see below the summary of the indicative terms of the proposed offer:

For more information, please refer to the documents listed below, which can be accessed through this Link;

  1. Shelf Prospectus
  2. Programme Trust Deed
  3. Red Herring Series 1 Tranche A & B Pricing Supplements
  4. Red Herring Series 1 Tranche A & B Trust Deeds
  5. Issuer Rating Reports from GCR and Moodys.
  6. Issue Rating Reports from GCR and Moodys
  7. Audited Financial Statements for the years ended December 2021, December 2022, December 2023
  8. Management Account for the nine-month period ended September 2024
  9. 2024 PenCom Certificate
  10. Series 1 Tranche A & B Commitment Forms

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