Dangote Cement PLC Quotes Additional Series of Commercial Paper on FMDQ Exchange

Share This Article
Share on facebook
Share on linkedin
Share on twitter
Share on email

Corporate institutions have continued to explore alternative financing options by tapping the Nigerian
debt markets to sustain their business activities and plug capital shortfalls. FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”) provides access to capital for corporate Institutions through its efficient and proficient Securities Admission Franchise. It is with this mandate that FMDQ Exchange, through its Board Listings and Markets Committee, has approved the quotation of the Dangote Cement PLC ₦44.00 billion Series 4 and ₦46.00 billion Series 5 Commercial Papers (“CPs”) under its ₦150.00 billion CP Programme on its platform.

Dangote Cement PLC (“Dangote Cement”) 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) – all Registration Member (Quotations) 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. It also lays credence to the innovation,
efficiency, and operational excellence for which the Exchange is reputed for, as endorsed by issuers,
investors, and other market stakeholders. FMDQ Exchange shall continue to provide an efficient
platform targeted at supporting the aspirations of institutions and government within the Nigerian
financial markets.

FMDQ Group is Africa’s first vertically integrated financial market infrastructure (“FMI”) group,
strategically positioned to provide registration, listing, quotation and noting services; integrated
trading, clearing & central counterparty, settlement, and risk management for financial market
transactions; depository of securities, as well as data and information services, across the debt capital,
foreign exchange, derivatives and equity markets, through its wholly owned subsidiaries – FMDQ
Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. As a
sustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa’s premier
Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable
future.

More Articles

FMDQ Academy Attains LPI and CPD Accreditations, Launches Capital Markets Course

Romco Recycling Company Limited Quotes ₦1.26 Billion Commercial Papers on FMDQ Exchange

FMDQ Exchange Admits the Eat & Go Finance SPV PLC Series 1 Bond on its Platform

FMDQ-OXFO Partnership
With innovative technology and strategic partnerships we create a new value network and redefine the cost structure for homeownership so that more people
FMDQ Sustainability Agenda
FMDQ, through its activities, aims to achieve sustainability in the areas it actively operates and impacts, as such, its Sustainability Strategy is guided by five (5) main Sustainability Pillars…

Dear Subscriber,

Thank you for your interest in staying connected with us! Before proceeding, please take a moment
to read and acknowledge the terms and conditions below:

1. Privacy Policy: Your privacy is important to us. We will handle your personal information responsibly and in accordance with our Privacy Policy. You can review our Privacy Policy here.

2. Email Communications: By subscribing, you consent to receiving email communications from us. These may include newsletters, product and service brochures, and other relevant updates.

3. Subscription Confirmation: You will receive a confirmation email shortly. Please click on the provided link to confirm your subscription. This step ensures your interest in receiving emails from us.

4. Unsubscribe Option: Every email communication you receive will include an option to unsubscribe. If you ever wish to stop receiving our email communications, you can do so by clicking the “unsubscribe” link at the bottom of the email.

5. Age Verification: By subscribing, you confirm that you are 18 years old or the legal age of majority in your jurisdiction.

6. Frequency: We strive to send you relevant content without overwhelming your inbox. You can expect to hear from us [weekly/monthly/occasionally], depending on our content schedule

Please check the boxes below to confirm your consent.
If you have any questions or concerns about our terms and conditions, kindly contact us at
[info@fmdqgroup.com]

Report

Get access to industry data and reports

Report

Get access to industry data and reports

Report

Get access to industry data and reports

Report

Get access to industry data and reports