By ADEBISI ADEMOLA
Dangote Cement Plc has announced the proposed issuance of N50 billion series 3 and 4 Notes under its N150 billion Commercial paper Programme.
Director at Dangote Cement, Abdu Dantata in a signed document said, the raised funds will be used for capital expenditure, working capital, and general corporate purposes.j
It would be recalled that FMDQ OTC Securities Exchange in July listed Dangote Cement Plc’s N50 billion series 1 and 2 commercial papers on its platform.
The CPs, the biggest CP programme so far on the Nigeria debt capital market is a dual tenure issuance under the company’s N150 billion CP programme established in November 2017.
It comprised N12.04 billion and N37.96 billion issuances
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