• About Us
  • Terms & Conditions
  • Contact Us
Friday, December 1, 2023
Investogist
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    ‘Ghana Must Go’ bags banned at airports – FAAN

    ‘Ghana Must Go’ bags banned at airports – FAAN

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

    List of #ENDSARS panel’s 32 recommendations and Lagos State Govt’s response

    Lagos govt to arrest and prosecute anyone that closes roads for parties, social events

    NSCDC officers shoot Abuja students during examination

    NSCDC officers shoot Abuja students during examination

    Abia State: Governor Alex Otti appoints new Head of Service

    Abia State: Governor Alex Otti appoints new Head of Service

    Musk declines Hamas’ invitation to visit Gaza, days after visiting Israel

    Musk declines Hamas’ invitation to visit Gaza, days after visiting Israel

    Ekiti Government sues Chef Dammy’s pastor, demands N10m damages over rights infringement

    Ekiti Government sues Chef Dammy’s pastor, demands N10m damages over rights infringement

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    JUST IN: Old naira notes to remain legal tender until further notice, Supreme Court rules

    Charlie Munger, Berkshire Hathaway’s Vice-Chairman and Warren Buffet’s right-hand man dies at age 99

    Charlie Munger, Berkshire Hathaway’s Vice-Chairman and Warren Buffet’s right-hand man dies at age 99

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    FG opens application for 4IR technologies, where to apply

    FG opens application for 4IR technologies, where to apply

    JUST IN: Tinubu signs Student Loan bill into law

    FULL TEXT: Tinubu’s speech on the N27.5 trillion 2024 budget

    Full text of CBN Governor Yemi Cardoso’s keynote address at CIBN dinner

    Full text of CBN Governor Yemi Cardoso’s keynote address at CIBN dinner

    83 students on Federal Government scholarship depart for Morocco

    83 students on Federal Government scholarship depart for Morocco

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    FG launches Startup Support, how to apply

    FG launches Startup Support, how to apply

    Lekki Deep Sea Port receives first transshipment vessel

    FG plans to re-establish National Shipping Line, Maritime workers reject plan

    Gov. Soludo presents ₦410bn budget to State Assembly for 2024 fiscal year

    Gov. Soludo presents ₦410bn budget to State Assembly for 2024 fiscal year

    JUST IN: FG revokes 1,633 mining licences

    JUST IN: FG revokes 1,633 mining licences

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Beta Glass Plc announces change of Registrar

    Norwegian Energy company Equinor sells its Nigerian business

    Norwegian Energy company Equinor sells its Nigerian business

    Guinness Nigeria Plc: Adebayo Alli takes over as Managing Director

    Guinness Nigeria Plc: Adebayo Alli takes over as Managing Director

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

    Any refinery with more than 50,000 barrels per day capacity must sell minority share to NNPC – Muhammadu Buhari

    First cargo of crude oil to be ready for refining in December – Aliko Dangote

    Board of Directors of Guinness Nigeria Plc to hold extra-ordinary meeting

    Board of Directors of Guinness Nigeria Plc to hold extra-ordinary meeting

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria to issue N72.1 billion series 10 commercial paper

    Access Holdings Plc announces death of Chairman

    Access Holdings Plc announces death of Chairman

    Binance users pull over US$1 billion from the crypto exchange

    Binance users pull over US$1 billion from the crypto exchange

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Seplat Energy gains 120% in one year

    Seplat Energy gains 120% in one year

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    Market Report: The NGX- ASI declined by 44bps

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI increased by 7bps, as BETAGLASS gains 10%

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI Closed Bullish, Up 8bps

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 15bps amid red market activities

    The NGX- ASI increased by 2bps amid mixed trading activities

    The NGX- ASI increased by 2bps amid mixed trading activities

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI closed positive, 32bps despite negative trading activities

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Closed Positive, Up 5bps

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    ‘Ghana Must Go’ bags banned at airports – FAAN

    ‘Ghana Must Go’ bags banned at airports – FAAN

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

    Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

    List of #ENDSARS panel’s 32 recommendations and Lagos State Govt’s response

    Lagos govt to arrest and prosecute anyone that closes roads for parties, social events

    NSCDC officers shoot Abuja students during examination

    NSCDC officers shoot Abuja students during examination

    Abia State: Governor Alex Otti appoints new Head of Service

    Abia State: Governor Alex Otti appoints new Head of Service

    Musk declines Hamas’ invitation to visit Gaza, days after visiting Israel

    Musk declines Hamas’ invitation to visit Gaza, days after visiting Israel

    Ekiti Government sues Chef Dammy’s pastor, demands N10m damages over rights infringement

    Ekiti Government sues Chef Dammy’s pastor, demands N10m damages over rights infringement

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    JUST IN: Old naira notes to remain legal tender until further notice, Supreme Court rules

    Charlie Munger, Berkshire Hathaway’s Vice-Chairman and Warren Buffet’s right-hand man dies at age 99

    Charlie Munger, Berkshire Hathaway’s Vice-Chairman and Warren Buffet’s right-hand man dies at age 99

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    FG opens application for 4IR technologies, where to apply

    FG opens application for 4IR technologies, where to apply

    JUST IN: Tinubu signs Student Loan bill into law

    FULL TEXT: Tinubu’s speech on the N27.5 trillion 2024 budget

    Full text of CBN Governor Yemi Cardoso’s keynote address at CIBN dinner

    Full text of CBN Governor Yemi Cardoso’s keynote address at CIBN dinner

    83 students on Federal Government scholarship depart for Morocco

    83 students on Federal Government scholarship depart for Morocco

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    CBN Governor to unveil Bank’s Monetary Policy Trust and Economic Outlook for 2024

    FG launches Startup Support, how to apply

    FG launches Startup Support, how to apply

    Lekki Deep Sea Port receives first transshipment vessel

    FG plans to re-establish National Shipping Line, Maritime workers reject plan

    Gov. Soludo presents ₦410bn budget to State Assembly for 2024 fiscal year

    Gov. Soludo presents ₦410bn budget to State Assembly for 2024 fiscal year

    JUST IN: FG revokes 1,633 mining licences

    JUST IN: FG revokes 1,633 mining licences

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    FG lists 4 border points in Ukraine Nigerians can cross to safety

    Beta Glass Plc announces change of Registrar

    Norwegian Energy company Equinor sells its Nigerian business

    Norwegian Energy company Equinor sells its Nigerian business

    Guinness Nigeria Plc: Adebayo Alli takes over as Managing Director

    Guinness Nigeria Plc: Adebayo Alli takes over as Managing Director

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

    JUST IN: NCAA suspends all United Nigeria Airlines’ wet-leased aircrafts

    Any refinery with more than 50,000 barrels per day capacity must sell minority share to NNPC – Muhammadu Buhari

    First cargo of crude oil to be ready for refining in December – Aliko Dangote

    Board of Directors of Guinness Nigeria Plc to hold extra-ordinary meeting

    Board of Directors of Guinness Nigeria Plc to hold extra-ordinary meeting

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria to issue N72.1 billion series 10 commercial paper

    Access Holdings Plc announces death of Chairman

    Access Holdings Plc announces death of Chairman

    Binance users pull over US$1 billion from the crypto exchange

    Binance users pull over US$1 billion from the crypto exchange

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Seplat Energy gains 120% in one year

    Seplat Energy gains 120% in one year

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    Market Report: The NGX- ASI declined by 44bps

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI increased by 7bps, as BETAGLASS gains 10%

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI Closed Bullish, Up 8bps

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 15bps amid red market activities

    The NGX- ASI increased by 2bps amid mixed trading activities

    The NGX- ASI increased by 2bps amid mixed trading activities

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI closed positive, 32bps despite negative trading activities

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Closed Positive, Up 5bps

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Markets

Dangote Cement Announces Issuance of N50bn Bonds

Thursday, 17 June 2021, 1:49 pm
in Markets, Rates & Bonds
0
Dangote Cement Announces Issuance of N50bn Bonds
Share Share Share Share Send as Email

Africa’s largest cement producer, Dangote Cement Plc, has disclosed the successful issuance of N50 billion Series 1 Fixed Rate Senior Unsecured Bonds under the company’s new NGN300 billion Multi-Instrument Issuance Programme.

This was announced on Wednesday, in a statement by the manufacturer, saying that the “…bonds were issued on May 26 2021 at coupon rates of 11.25%, 12.50% and 13.50% for the 3, 5 and 7- year tranches respectively.”

The statement went on to say that irrespective of market headwinds, “…the bond issuance was well received and recorded participation from a wide range of investors including domestic pension funds, asset managers, insurance companies and high net-worth investors.

“The proceeds of the bond issuance will be deployed for the company’s expansion projects, short-term debt refinancing and working capital requirements.

“Aside from this first issuance of a traditional bond under the new Multi-Instruments Programme, Dangote Cement has registered a programme enabling it to consider different types of fixed income instruments to cater for different type of investors.

“The ability to issue Green Bonds and Sukuk will enable the company leverage the depth and breadth of the Nigerian market.”

In his speech concerning the above, the CEO, Dangote Cement, Michel Puchercos, said, “This bond issuance allows us move a step further in achieving our expansion objectives and will be deployed to projects instrumental in supporting our export strategy while improving our cost competitiveness.

“We thank the investor community for their continued support in the management of Dangote Cement and their successful participation in the bond issuance.”

The statement also maintained that, “Absa Capital Markets Nigeria acted as Lead Issuing House for the Series 1 Bonds, and Stanbic IBTC Capital, Standard Chartered Capital & Advisory Nigeria Limited, United Capital Plc, FBN Quest Merchant Bank, FCMB Capital Markets, Coronation Merchant Bank, Ecobank Development Corporation Nigeria, Futureview Financial Services, Meristem Capital Limited, Rand Merchant Bank, Quantum Zenith Capital and Vetiva Capital Management acted as Joint Issuing Houses.”

It concluded that, “The Bonds will be listed on the Nigerian Exchange Limited and FMDQ Securities Exchange.”

Azuka Edokobi
Azuka Edokobi

Azuka Edokobi is a Writer , a Farmer, a Supply Chain Expert and an Entrepreneur

Related Posts:

  • DANGCEM Bond
    Dangote Cement to issue new bonds under its N300…
  • dangote-cement 1
    Dangote Cement announces Board meeting and closed
  • dangotecement Logo
    Dangote Cement Plc to buy back over 1.6 billion…
  • dangotecement Logo
    Dangote Cement Plc announces Board Meeting and Closed Period
Previous Post

Sergio Ramos Leaves Santiago Bernabeu with 22 Trophies

Next Post

Inflation rose by 17.93% in May, lower than the rate in April

Next Post
Nigeria’s Inflation rate hits16.47%, the highest since May 2017

Inflation rose by 17.93% in May, lower than the rate in April

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
UPDATED: Nigerian Lady falls to death with Infant Child in Bahrain

UPDATED: Nigerian Lady falls to death with Infant Child in Bahrain

MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2023, qualification and payment dates

‘Ghana Must Go’ bags banned at airports – FAAN

‘Ghana Must Go’ bags banned at airports – FAAN

Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

FG lists 4 border points in Ukraine Nigerians can cross to safety

Beta Glass Plc announces change of Registrar

‘Ghana Must Go’ bags banned at airports – FAAN

‘Ghana Must Go’ bags banned at airports – FAAN

Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

Abia Gov Alex Otti swears in 17 ‘selected’ Transition Council Chairmen/Mayors

Norwegian Energy company Equinor sells its Nigerian business

Norwegian Energy company Equinor sells its Nigerian business

Investogist
info@investogist.com

Follow us

Categories

  • Africa
  • Agriculture
  • Arts & Entertainment
  • Budgets
  • Business
  • Columnists
  • Commodities
  • Companies
  • Cryptocurrencies
  • Economic Data
  • Economy
  • Editorials
  • Financial Education
  • Football
  • Forex
  • Industry
  • Investogist Business Saturday
  • Job Opportunities
  • Markets
  • Nature
  • News
  • Nigeria
  • Op-ed
  • Opinion & Analysis
  • Places & People
  • Policies
  • Rates & Bonds
  • Sports
  • Stocks/Equities
  • Technology
  • Travel & Tours
  • Vacancies
  • World

Quick Links

  • News
  • Economy
  • Markets
  • Business
  • Opinion & Analysis
  • Travel & Tours

Newsletter

Copyright © 2023 investogist.com, All Rights Reserved

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us
No Result
View All Result
  • Home
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2023 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist