Dangote Cement raises N250b via debt market in 6 months -

The issues include its recent debut N100 billion series 1 bond, under its N300 billion bond programme, which was 150 percent oversubscribed and its earlier issued N150 billion Commercial Paper notes series 13-16 under its N150 billion domestic CP issuance programme, all listed on the FMDQ Securities Exchange Limited’s platform.

In the same vein, and in support of the market development efforts and initiatives of FMDQ Group, the assets of the Dangote Cement bond are also lodged with FMDQ’s wholly owned central securities depository, FMDQ Depository Limited.Commenting on the recent bond issuance, Mr. Michel Puchercos, Chief Executive Officer, Dangote Cement, said, “This landmark transaction is the largest ever bond issuance by a corporate issuer in Nigeria.

Also commenting on the issuances by Dangote Cement Plc, Mr.

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Low Prices Boost Equities Market’s Gain by N1.6tn in Q2 - THISDAYLIVEHealthcare, food, beverages lead gainers Goddy Egene The high demand for shares because of their low prices made the Nigerian stock market perform positively in the second quarter (Q2) of the year, gaining N1.667 trillion despite the lockdown occasioned by the COVID-19 pandemic. THISDAY gathered that despite the lockdown and the attendant losses recorded by …
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