Dangote Cement Plc has listed N150bn bonds on the Nigerian Exchange.
To be specific, it is actually three N50bn tranches of bonds under the N300bn Debt Issuance Programme of the company.
According to the NGX, the bonds are 3.64 million units of a three-year 11.25 per cent senior unsecured fixed rate bond due 2024; 10.45 million units of a five-year unsecured fixed rate bond due 2026; and a seven-year 13.50 per cent senior unsecured fixed rate bond due 2028.
The bonds were issued on May 26, 2021 by Dangote Cement and brokered by Meristem Securities.
The bonds could be acquired on NGX at par N1000 per unit of the bond.