Dangote Industries Boosting Nigerian Debt Market Activities

The Bond notes will be listed on the Nigerian Exchange Limited and FMDQ Securities Exchange Limited .

According to Alake, we are highly pleased at the level of reception from the investor universe on the Series I bond issuance and to have set this remarkable milestone, showcasing the depth and liquidity of the Nigeria Debt Capital Market. The managing director/chief executive officer of Vetiva Capital Management Limited, Chuka Eseka, said, “Vetiva is delighted to have acted as joint lead issuing house/bookrunner on the Series 1 Bond Issuance, which represents the largest single bond issuance by a corporate in the Nigerian capital market.

“We thank the Board and Management of the Dangote Group for continuously striving to develop the domestic debt capital markets and setting records through its various issuances both at the subsidiary and Group levels. We also thank the Securities & Exchange Commission , Nigerian Exchange Limited and FMDQ Securities Exchange Limited for their unwavering support throughout this entire process.”

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