Dangote Cement Series 17 and 18 Commercial Paper Now Open

Proshare

Monday, August 31, 2020 / 12:17 PM /by Stanbic IBTC / Header Image Credit: Bloomberg

 

We are pleased to inform you of the Series 17 and 18 Commercial Paper issuance ("CP or the "Issuance"), under the Dangote Cement PLC ("Dangote Cement") NGN150 billion CP Issuance Programme is now open and scheduled to close on Thursday, 03 September 2020.

 

Dangote Cement is the largest cement manufacturer in Sub-Saharan Africa with an installed capacity of 45.6Mta across its operations in 10 African countries. Dangote Cement is assigned AA+ long-term rating by GCR and Aa2.ng long-term rating by Moody's. It is one of the few corporates in Nigeria with a top notch rating of AA+.

 

Please see below, the indicative terms of the proposed offer.

 Proshare Nigeria Pvt. Ltd.


Please find attached the following documents:

1.       Pricing Supplement

2.      Commitment Form

3.      Valid PENCOM compliance certificate

4.      Moody's ratings report

5.      GCR ratings report

 

If you have any further enquiries, or require any further documentation, kindly send an email to stockbroking@stanbicibtc.com and/or Dele.Akintola@stanbicibtc.com

 

Proshare Nigeria Pvt. Ltd.


Related News - Dangote Cement Plc

  1. Dangote Cement H1 2020 Result; Paving A Difficult Path to Profitability
  2. Dangote Cement highlights its Socioeconomic Impact in 2019; Positioned to Create More Jobs
  3. NSE Lists Dangote Cement Plc Bonds
  4. COVID-19 Related Restrictions Limit Dangote Cement Near-term Growth in Q1 2020
  5. DANGCEM Appoints Ms. Berlina Moroole As Non-Executive Director
  6. DANGCEM Declares N126bn PAT in Q2 2020 Results, (SP:N134.20k)
  7. DANGCEM Notifies of Dealing in 0.003m Volume of Shares By Excelsior Shipping Limited
  8. DANGCEM Notifies of Board Meeting Date and Commencement of Closed Period
  9. DANGCEM and BUA Lay Claims to Obu-Okpella Mines; Both Issue Statements
  10. DANGCEM Notifies of Resolutions Passed At Its 11th AGM
  11. Dangote Boost Economic Diversification with Maiden Clinker Shipment
  12. DANGCEM Declares N60.6bn PAT in Q1 2020 Results, (SP:N150.00k)
  13. DANGCEM To Hold 11th AGM on June 15 2020 Lists Proxies...
  14. DANGCEM Notifies of Board Meeting And Closed Period...
  15. DANGCEM Announces the Issuance of N100bn Series 1 Fixed Rate Senior Unsecured Bonds

 

Proshare Nigeria Pvt. Ltd.


Related News

  1. Chapel Hill Denham Nigeria Real Estate Investment Trust Series I Offer of Up to N20.3bn Now Open
  2. CardinalStone's Debut Commercial Paper Issuance Records 148% Subscription
  3. NSE Lists 9.80% FGN JUL 2045 Bonds Issued in July 2020
  4. Treasury Bill Auction Holds Wednesday August 26th, 2020
  5. Bond Yields Push Higher As GDP Weakens By 6.10% YoY
  6. Mild Bullish Performance as Average Yield Dips 7bps to 1.5%; PMA to Hold on Wednesday
  7. A Decent Auction Outcome for the DMO in August 2020
  8. TSL SPV Plc - Up to N12bn Series 1 Infrastructure Bonds Guaranteed by InfraCredit Now Open
  9. DMO Steadies Rate Expectation at Monthly FGN Bond Auction By Cutting Volumes Sold To Drop Stop Rates
  10. Summary of FGN Bond Auction Results for August 2020
  11. Demand for OMO Bills Dropped Rate Especially For Shorter-Dated Bills
  12. Fixed Income Markets Again Shrug Off Rising Inflation Ahead Of Monthly FGN Bond Auction
  13. NT-Bills Yields Further Pressured as System Liquidity Improves, PMA Oversubscribed

Proshare Nigeria Pvt. Ltd.
READ MORE:
Related News
SCROLL TO TOP