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Dangote Cement Continues To Deepen Debt Market Activities

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Rising issuance of Commercial Papers (CPs) in Debt Capital Market (DCM) has provided companies with the opportunity to raise capital to meet short-term

It added that, “despite the economic headwinds associated with the transition of businesses into the ‘new normal’ in view of the COVID-19 pandemic, the Dangote Cement CP issuance and subsequent quotations on FMDQ Exchange.

The sponsor of the Bond and a Registration Member of FMDQ Exchange, Absa Capital Markets Nigeria Limited, through its chief executive officer, Mr. Sadiq Abu, stated that, “we are very pleased to have acted as Lead Issuing House on the transaction. The success of the issuance and positive investor response amidst market uncertainty is indicative of Dangote Cement’s strong credit profile and market positioning.

“You will recall that only a few years ago, Nigeria was one of the world’s largest importers of cement. Dangote Cement has transformed into an exporter of this basic but vital commodity.

 

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