FMDQ Exchange, has approved the quotation of the Dangote Cement Plc N44.00 billion Series 4 and N46.00 billion Series 5 Commercial Papers (“CPs”) under its N150.00 billion CP Programme on its platform.
Dangote Cement Plc is one of Africa’s largest cement producers, with a production capacity of 51.6 million tonnes per year across ten (10) countries.
The proceeds from the Dangote Cement Series 4 and 5 CPs, which are sponsored by Stanbic IBTC Capital Limited (Lead Sponsor), ARM Securities Limited, FSDH Capital Limited and Quantum Zenith Capital & Investments Limited (Co-Sponsors) will be used to fund expansion projects, refinance short-term debts, as well as working capital expenditure.
The admission of these CPs and other debt securities on the Exchange, by corporates across diverse sectors, continue to validate FMDQ Exchange as the choice platform for the registration, listing and quotation of debt securities in the Nigerian financial markets.
