Dangote Cement Plc Series 8, 9 and 10 Commercial Paper To Open Soon


Friday, June 07, 2019  10:52 AM / By Stanbic IBTC Stockbrokers / Header Image Credit: Youtube


Following the successful raise of N50bn in commercial paper series 5, 6 & 7 notes for Dangote Cement Plc (“DCP”), Stanbic IBTC Capital Limited is pleased to inform you of the intention of DCP to issue up to N50bn in another round of commercial paper notes (Series 8, 9 & 10) under the company’s N150bn commercial paper programme.


Please see below the terms of the offer.



Dangote Cement PLC











Target Size:


Up to N50billion

Discount Rate (%):





Implied Yield (%):





Offer Open Date:

[Friday, 07 June 2019]

Offer Close Date:

[Thursday, 13 June 2019]

Allotment Date:

[Thursday, 13 June 2019]

Settlement Date:

[Friday, 14 June 2019]

Use of proceeds:

To fund short-term working capital requirements and for general corporate purposes

Issuer Rating:

Aaa (Moody’s); AA+ (GCR)

Minimum Subscription:


Tax Consideration:

Free and clear of withholding taxes

Attached once again for your records are the following:

  1. Valid PenCom Compliance Certificate
  2. FMDQ Approval for the registration of the programme
  3. GCR rating report
  4. Moody’s rating report


Pricing supplements and commitment forms to follow shortly.


For further enquiries, send an email to StanbicStockbrokers@stanbicibtc.com


Proshare Nigeria Pvt. Ltd.

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