Dangote Cement listed 100 billion bond at 12.5 percent and oversold

  • Weekly Giveaway for our active users. N50,000 per Week. Do you want to contribute to this community? We are looking for contribution? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing Nigerian forum!

Admin

Administrator
Staff member
Apr 5, 2020
1,137
166
63
Bonds sales worth N100 billion was issues by Dangote Cement Plc and it was oversubscribed by investors, said the cement maker on Thursday.

The transaction logged under the N300 billion bond programme of the largest cement producer in Africa. The exercise received subscriptions of N155 billion and it will mature in April 2025.

The debt was sold at a coupon rate of 12.50 percent.
 

Godspower

Well-Known Member
Apr 21, 2020
463
296
63
27
Bonds sales worth N100 billion was issues by Dangote Cement Plc and it was oversubscribed by investors, said the cement maker on Thursday.

The transaction logged under the N300 billion bond programme of the largest cement producer in Africa. The exercise received subscriptions of N155 billion and it will mature in April 2025.

The debt was sold at a coupon rate of 12.50 percent.
Dangote to the moon
 

Obinna eze

New Member
May 19, 2020
2
0
1
23
Bonds sales worth N100 billion was issues by Dangote Cement Plc and it was oversubscribed by investors, said the cement maker on Thursday.

The transaction logged under the N300 billion bond programme of the largest cement producer in Africa. The exercise received subscriptions of N155 billion and it will mature in April 2025.

The debt was sold at a coupon rate of 12.50 percent.
Nice