Nigeria: Dangote Cement to Sell N300 Billion Bonds

22 March 2018

Dangote Cement Plc wednesday disclosed that it has gotten approval from the Securities and Exchange Commission (SEC) and other regulators to raise N300 billion ($833 million) in local-currency bonds.

The company, which is the most capitalised stock on the Nigerian Stock Exchange (NSE) intends to utilise the fund on its expansion as well as to refinance its debt.

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