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dangote cement to access more debt funding

Mar 27, 2020 NIGERIA Dangote Cement Plc has obtained the approval of its board of directors to access the capital market for a medium-term debt funding under its N300 billion (US$818.1 million) bond registration programme.. The cement firm in a statement filed at the Nigeria Stock Exchange (NSE) has said it intended to issue its maiden series of bonds, tagged Series 1 Bonds, subject to obtaining ...

Dangote Cement receives board approval to issue first

Mar 27, 2020 NIGERIA Dangote Cement Plc has obtained the approval of its board of directors to access the capital market for a medium-term debt funding under its N300 billion (US$818.1 million) bond registration programme.. The cement firm in a statement filed at the Nigeria Stock Exchange (NSE) has said it intended to issue its maiden series of bonds, tagged Series 1 Bonds, subject to obtaining ...

Dangote Cement Plc Renews Its Share Buyback Programme

13 hours ago Dangote Cement Plc Contemplates Debt Funding Options Under Planned N300bn Bond Issuance Programme. 15. Dangote Cement to Pay over N97bn in Corporate Tax for Financial Year 2020 . READ MORE Related News Domestic and Foreign Portfolio Participation in Equity Trading - April 2021.

Dangote Cement gets approval to issue N300bn bond

Mar 24, 2020 Dangote Cement Plc, Africas largest Cement manufacturer has obtained the approval of its Board of Directors to access the capital market for a medium-term debt funding

Dangote Cement Ready For First Bond Issuance

Dangote Cement Plc has obtained the approval of its Board of Directors to access the capital market for a medium-term debt funding under its N300bn bond registration programme. The cement firm in a statement obtained from the Exchange said it intended to issue its maiden series of bonds (series 1 bonds), subject to obtaining regulatory ...

Dangote Cement Raised N250bn In Debt Market FMDQ

Dangote Cement Plc raised a total of N250bn in debt securities in the first half of this year, FMDQ Securities Exchange Limited has said.

GCR upgrades Dangote Cement Plcs Long Term Issuer

Mar 01, 2021 The large proportion of USD debt facilities does present some risk to the funding profile, but this is somewhat mitigated by efforts to refinance much of the debt in Naira and by the groups broad access to funding facilities. DCPs uses vs. sources liquidity

Dangote Cement raises N250b via debt market in H1

Jul 03, 2020 Dangote Group of Companies, through its subsidiary, Dangote Cement Plc, has raised a total of N250 billion in debt securities in the first six months of the year. The issues include its recent ...

Moodys Raises Red Flag in Dangote Cements Liquidity

Mar 25, 2020 The rating organisation warned that it could downgrade Dangote Cement if liquidity does not improve the Nigerian government introduces special taxes, levies or other punitive measures that negatively impact the firms profits or cashflow, such that operating margins falls below 20 percent on a sustained basis and adjusted debt to EBITDA ...

Africas richest man Dangote vows to invest more in Tanzania

Dangote owns 85 per cent of publicly traded Dangote Cement through a holding company. He said on Monday that the firm has invested $770 million in Tanzania through its cement plant in Mtwara.

GCR Affirms Dangote Cement Plcs Issuer rating of AANG

Lagos Nigeria, 24 December 2020 Global Credit Ratings (GCR) has affirmed the long term and short term national scale Issuer ratings of AA (NG) and A1 (NG) respectively accorded to Dangote Cement Plc, with the outlook accorded as Stable. Concurrently, GCR has affirmed the national scale long term rating of AA (NG) accorded to Dangote Cement Plcs N100bn Series 1 Senior Unsecured ...

Dangote Cement to issue maiden series of its N300bn

Mar 23, 2020 Dangote Cement Plc notified the Nigerian Stock Exchange (NSE) of its inaugural issuance of bonds under its N300billion shelf registration programme. The company said it has obtained approvals from its Board of Directors to access the capital market for the medium term debt funding.

Dangote Cement CEO says N100 billion bonds oversubscribed

Apr 23, 2020 Dangote Cement CEO says N100 billion bonds oversubscribed. Dangote Cement Plc, on Thursday, announced the successful issuance of its N100 billion Series 1 fixed rate senior unsecured bonds due April 2025.. Mr Michel Puchercos, its Chief Executive Officer of the company, said in Lagos that the N100 billion bonds under its N300 billion bond programme, were 1.5 times oversubscribed.

H1 2020 Dangote Cement raises N250bn debt securities

Jul 06, 2020 Despite the economic headwinds, Dangote Group of Companies, through its subsidiary, Dangote Cement Plc, has raised a total of N250 billion in debt securities within six months in 2020.

Dangote Cement to Pay N40 Billion Tax in Q1

Mar 31, 2021 Dangote Cement Plc is expected to pay N40.39 billion in taxation to the nations treasury from its operational result in the first quarter of 2021, the company said yesterday.. In a statement, the cement manufacturer cited its published financial result on Friday, April 30, 2021, stating that the amount is due from corporate tax for the period ended March 31, 2021.

Dangote gets N22bn tax credit for funding construction of

Apr 29, 2021 The Federal Inland Revenue Service (FIRS) has issued Dangote Cement Plc, tax credit certificates valued at 22.321billion. The tax credit certificates are for construction of Apapa-Oworonshoki-Ojota road in Lagos and Lokoja-Obajana-Kabba road straddling Kogi and Kwata states. While Julius Berger is handling the construction of the two federal roads, Dangote Cement Plc is

ABSA successfully completes Dangote Cement debut Series

Jun 24, 2020 Commenting on the bond issuance, Michel Puchercos, Chief Executive Officer of Dangote Cement, said This landmark transaction is the largest ever bond issuance by a corporate issuer in Nigeria. It allows us to further broaden our sources of funding by accessing long-term debt at competitive costs from the capital market and builds further on ...

NGX market capitalisation dips N99bn on Dangote Cement

May 27, 2021 Transactions on the Nigerian Exchange (NGX) closed in red on Thursday, losing N99 billion on losses posted by Dangote Cement and 20 other stocks. Consequently, the market capitalisation which opened at N19.928 trillion dipped N99 billion or 0.99 per cent to close at N19.829 trillion. Also, the All-Share Index inched lower by 189.10 points or

Dangote Cement Plc FMDQ Group

Headquartered in Lagos, Nigeria, Dangote Cement Plc is Africas largest cement producer. The group operates ten fully integrated cement plants across Africa with combined capacity of 43.5 Mtpa and more than 65% share of the market in Nigeria, Africas largest economy and population.

DANGOTE CEMENT REVENUE REACHES N1 TRILLION

Mar 26, 2021 The cement giant announced in a press release on the 25th that it had received approval for the companys board for debt funding options in the capital market. According to the company, it is taking advantage of all sources of debt funding and other available options as this will be a useful catalyst in its growth as it plans to expand operations.

Dangote Cement sees 2 advance in 1Q EBITDA

May 26, 2020 This illustrates investors continuous confidence in Dangote Cements strategy. This landmark transaction is the largest ever bond issuance by a corporate issuer in Nigeria. It allows us to further broaden our sources of funding by accessing long-term debt at competitive costs from the capital market, he added. Published under Cement News

Dangote Cement Plans To Raise Bonds To Pay Off Existing Debt

Mar 23, 2020 The cement form said it has already obtained the approvals of its board of directors to access the capital markets for the medium-term debt funding. The countrys largest company by market capitalisation has last year said it will plan to repurchase up to 10 percent of its issued share capital.

Dangote Cement considers debt funding options under 300

Mar 25, 2021 Dangote Cement considers debt funding options under 300 billion bond issuance programme March 25, 2021 Bolaji Dangote Cement Plc , Review , Stock Market 0 Dangote Cement Plc. obtained approval to access the Capital Market to maximize available sources of its debt funding.

Dangote Cement receives board approval to issue first bond

Mar 27, 2020 NIGERIA - Dangote Cement Plc has obtained the approval of its board of directors to access the capital market for a medium-term debt funding under its N300 billion (US$818.1 million) bond registration programme. The cement firm in a statement filed at

Dangote Cement to issue madien bonds for mediumterm debt

Mar 23, 2020 Dangote Cement Plc (DCP) has obtained approvals from its board of directors to access the capital market for medium term debt funding. Mr Edward Imoedemhe, its Deputy Company Secretary, said in a statement on Monday to the Nigerian Stock Exchange (NSE) that the maiden bond issuance was subject to regulatory approval and favourable market conditions.

Dangote Cement raises N250b via debt market in 6 months

Jul 03, 2020 Dangote Cement Ibese Plant By Nkiruka Nnorom. Dangote Group of Companies, through its subsidiary, Dangote Cement Plc, has raised a total of N250 billion in debt

Dangote Cement to Sell Bonds for Debt Refinancing

Mar 24, 2020 The cement maker, in a notice to the Nigerian Stock Exchange (NSE), said it intends to access the capital markets to issue the maiden series of bonds for the medium-term debt funding. In the disclosure, the company said proceeds from the exercise would be used to refinance existing short-term debt previously applied towards cement expansion ...

Dangote Cements N100b debut bond closes amid high

Apr 15, 2020 The listing of the Dangote Cements debut bond will further deepen the Nigerian debt capital market, which had seen large-cap issuers like Access

Dangote Cement seeks loan Market Digest Nigeria

Mar 26, 2021 The statement reads in part, Dangote Cement has obtained approval from its Board of Directors to access the Capital Market to support business growth and maximize available sources of its debt funding. The Company has submitted an application to the Securities and Exchange Commission (SEC) for the registration of a bond issuance programme.

Dangote Cement seeks SEC approval to raise N300 bln

Mar 26, 2021 The cement company, majorly owned by Africas richest man, Aliko Dangote intends to explore its medium to long-term funding option after obtaining approval from the regulator to issue the bonds. The largest cement company in the continent said its board has approved the move to access the Capital Market to support business growth and maximize ...

Dangote Cement raised N250bn in debt market FMDQ

Jul 03, 2020 Johnson Okafor Dangote Cement Plc raised a total of N250bn in debt securities in the first half of this year, FMDQ Securities Exchange Limited has said. According to a statement, the debt

Dangote Cement s N100b debut bond closes amid high

Apr 03, 2020 Dangote Cement Plant, Pout, Senegal put up a remarkable performance with sales up more than 100 percent of rated capacity. Group Chief Executive Officer, Dangote Cement Plc, Joe Makoju, said the company maintained strong financial performance despite a low growth environment, pricing pressure and increasing competition in key markets.

Dangote Cement receives board approval to issue first bond

Mar 27, 2020 NIGERIA - Dangote Cement Plc has obtained the approval of its board of directors to access the capital market for a medium-term debt funding under its N300 billion (US$818.1 million) bond registration programme. The cement firm

Dangote Cement raises N50bn debt to fund short term

Sep 01, 2020 Dangote Cement Plc has launched its Series 17 and 18 commercial paper in an effort to raise N50 billion under its N150 billion CP Issuance Programme. Typically, an unsecured debt

Dangote Cement Deepening Debt Market Activities

Apr 07, 2020 Dangote Cement Plc, the largest cement producer in Sub-Saharan Africa with an installed capacity of 45.6 million metric tons annually across its operations in 10 African Countries, has gotten approvals from its board of directors to access the capital markets for medium-term debt funding. This will deepen activities on the debt market. This was disclosed

Dangote Cement PLC Capital Structure and Financial

Aug 28, 2020 ABSTRACT-This study was set examine the link between Dangote Cement PLC capital structure and the profit performance of company using secondary data from the period 2010 to 2019.The study adopted return on equity (ROEQ) as proxy for performance (the dependent variable, while the proportion of long term debts to equity funding (DEFP) and the proportion of equity funding to total