Dangote Cement will head back to the market for fresh capital after a thirty-month hiatus that saw the corporation value steer clear of the debt market.
It secured the consent of its directors’ board to tap the market for medium to long-term bonds under its N300 billion multi-instrument issuance programme, Nigeria’s biggest company by market value disclosed in a regulatory filing on Friday.
“The Company had filed an application with the Securities and Exchange Commission in respect of the bonds, and relevant approvals have now been received,” according to the document.
