Dangote Sugar Refinery Plc notifies the investing public of its successful issuance of N42.79bn Series 4 and 5 Commercial Paper notes002E.
The notes, issued under the Company’s N150bn Commercial Paper Issuance Programme, comprised N12.93bn 181-day Series 4 and N29.86bn 265-day Series 5 notes. The Series 4 notes had a 23.00% yield, while the Series 5 notes had a 25.00% yield. Participation came from several investor groups, including Pension and Non-Pension Asset Managers and other Institutional and Individual Investors.
The successful issuance of the Notes furthers the Company’s strategy to diversify its funding sources. The funds raised will be deployed to support its short-term working capital and funding requirements
