Cement News tagged under: bonds
Dangote Cement announces NGN150bn commercial paper programme25 August 2021, Published under Cement NewsNigeria’s Dangote Cement has announced a new NGN150bn (US$364.84m) Commercial Paper Programme. The programme is expected to allow the company to broaden its funding sources and, combined with its NGN300bn multi-instrument issuance Bond programme, increase its access to capital market funding. The Commercial Paper will be used for working capital and general corporate purposes, according to a statement. "The establishment of a new NGN150bn Commercial Paper confirms Dangote Cement Plc’s ... |
Xinjiang Tianshan Cement set to issue bonds28 May 2020, Published under Cement NewsThe board of China's Xinjiang Tianshan Cement has reviewed and approved a proposal to apply to the China Interbank Market Dealers’ Association for the registration of ultra-short-term financing bonds, with a total size of no more than CNY1bn (US$139.75m). The plans have been put in place to reduce financing costs, expand financing channels and meet the company's development needs for capital, according to an announcement. |
ARM asks for time after missing bond payment10 July 2018, Published under Cement NewsThe Nairobi Securities Exchange-listed that the ARM Cement missed its June 2018 interest payment on a privately placed bond worth tens of millions of Kenyan shillings. The bond was issued in 2015 with the medium-term notes (MTN) maturing in November 2020 and expected to pay interest each June and December, according to the Business Daily. "We're asking our lenders to give us some time so that we can recapitalise the business, we're in negotiation for injection of between US$15m and US$20... |
Dangote receives approval to raise NGN300bn in local-currency bonds22 March 2018, Published under Cement NewsDangote Cement Plc has announced that it received approval from the Securities and Exchange Commission (SEC) and other regulators to raise NGN300bn (US$833m) in local-currency bonds, according to This Day. The bond will be issued in stages of NGN50bn whenever interest rates are favourable. The company plans to use the fund to finance its expansion and refinance its debt. Dangote is expected to spend US$350m on capital projects this year, which includes building export facilities at Nigeria... |
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