Dangote Cement Seeks N100bn from Investors at 24.5% Yield

Dangote Cement Seeks N100bn from Investors at 24.5% Yield

Dangote Cement Plc seeks to access N100 billion from commercial papers offered to investors in the debt capital market, offering a 20.7647% discount rate with an implied yield of 24.5001% on its series 3 commercial paper with 268-day tenor.

The cement company opened its commercial paper for subscription under its N300 billion commercial paper programme approved by investment authority to fund its working capital.

Details from the offer document reviewed by MarketForces Africa showed that the company is asking fixed interest securities investors to take advantage of its series 19, series 20 and series 21 commercial paper to earn 21%, 23% and 24.5000% yield on their investment.

MarketForces Africa reported that the commercial paper that opened this week is scheduled to close on Friday, June 13, 2025. Analysts said Dangote Cement Plc is a highly capital-intensive company with significant working capital demand for optimal operating activities. 

Further details revealed the investors with interest in the paper will have at least N5 million and a subsequent subscription of N1000. #Dangote Cement Seeks N100bn from Investors at 24.5% Yield Tunisia’s Central Bank Keeps Key Interest Rate at 7.5%