Dangote Industries Completes N200bn Bond Listing 

Dangote Industries has completed its listing of the firm’s N200bn series 1 and 2 Bonds on Nigerian Exchange Limited. <br />The Chief Executive Officer, Dangote Industries Limited, Mr Olakunle Alake, speaking at the closing-gong ceremony to commemorate the listing of the bond held at the Exchange on Wednesday, expressed delight after the listing. <br />Alake, who was represented by the Group’s Chief Finance Officer, Mustapha Ibrahim further noted that the listing of the bond recorded participation from a wide range of investors including domestic pension funds, asset managers and insurance companies and further demonstrates investors’ confidence in Nigeria’s credit reality. <br />The listing is the largest aggregate local currency bond issued in the capital market so far, within the year.