Dangote Industries completes N200bn bond listing

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Dangote Industries has completed its listing of the firm’s N200bn series 1 and 2 Bonds on Nigerian Exchange Limited.

The listing is the largest aggregate local currency bond issued in the capital market so far, within the year.

The Divisional Head, Capital Markets, NGX, Mr Jude Chiemeka, speaking at the event, applauded the listing of the bond which provides corporates with the opportunity to raise capital. “The listing of this transaction on our platform not only allows for a more liquid capital market, but it also shows our capacity to facilitate large transactions towards enabling a more robust ecosystem.”

He further noted that NGX remains committed to fostering similar transactions through our digital gateways such as this and a confident market where corporates and investors can achieve their respective objectives.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

 

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