According to him, “today, we are delighted to have successfully completed the largest aggregate local currency bond issuance by a corporate in the Nigerian capital markets within a calendar year. The proceeds from the Series 1 and 2 bond issuances were dedicated to part-financing the Dangote Petroleum Refinery Project which is the initiative by the Group to establish an Integrated Petrochemical Complex, and the largest Single Train Petroleum Refinery in the World.
Alake pointed out that his company was not new in the business of listing securities on NGX, saying, “we are therefore conversant with all the listing requirements and promise to be prompt and up to date in that regard. We count on the cooperation and support of NGX and the stockbrokers to meet this important investors’ objective.”
The lead Issuing House for series 1 of the bonds and the chief executive officer, of Standard Chartered Capital & Advisory Nigeria Limited, Mrs. Yemisi Deji-Bejide, expressed appreciation of her organisation to the management of the DIL for reposing so much confidence in Standard Chartered by entrusting it with the responsibility.
“Lastly and most importantly, investors are keen to support impactful infrastructure projects in Nigeria, as the proceeds of the bond are being used to fund the largest single train refinery in the world,” Deji-Bejide added.
ZenithBank you guys debited me 55,000 since two days without crediting the receiver, why are you guys making life more difficult for the average Nigerians