Economy Watch

Dangote Sugar Refinery issues N42.79 Billion Commercial Papers at 23% and 25%

Dangote Sugar Refinery announced the successful issuance of its N42.79 billion series 4 and 5 of its commercial papers, issued at 23% and 25%.

The papers were issued as part of the company’s N150 billion commercial paper issuance programme.

The series 4 and 5 issuances comprised of N12.93 billion for the 181 day series 4 and N29. 86 billion for the day N265 day series 5.

According to the notice issued by the company, the CP issuance witnessed participation from pension and non-pension asset managers as well as institutional and individual investors.



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