Dangote Cement Plc has officially launched its N100 billion Commercial Paper (CP) offer, marking the first tranche under its broader N500 billion Commercial Paper Issuance Programme.
The offer, which opened on Monday, 17 November 2025, is set to close on Wednesday, 19 November 2025.
The CPs are available in two tranches:
- 181-day Series 1 with a 16.10% discount rate, implying a 17.50% yield.
- 265-day Series 2 with a 16.70% discount rate, implying a 19.00% yield.
The minimum subscription for the offer is N50 million, with additional subscriptions in multiples of N1,000.
Proceeds from the CP will be directed towards working capital needs, according to the company’s pricing documents.
