DEALS

Scaling new heights in
Nigeria’s capital markets

SHARE
Facebook
Twitter

We are proud to have successfully completed the Dangote Industries Limited Series 1 bond offering, the largest corporate bond issuance in the history of the Nigerian capital markets.

Absa Capital Markets Nigeria Limited successfully completed the Dangote Industries Limited Series 1 bond offering, allocating NGN 187 billion across a 7- and 10-year fixed-rate deal. The recently closed transaction marks the largest corporate bond issuance in the history of the Nigerian capital markets.

Dangote Industries is one of the leading, diversified and fully integrated conglomerates with operations in Nigeria and Africa with 11 distinct business lines across a wide range of industries, including cement, sugar, salt, condiments, packaging, energy, fertiliser and petrochemicals. The use of proceeds will be applied towards part-financing the Dangote Petroleum Refinery project, which when commissioned, will be the sixth largest refinery in the world, in terms of total capacity, and the largest single train petroleum refinery in the world.

As a Joint Issuing House / Bookrunner, we are proud to have played a role on this landmark transaction that directly contributes to the economic welfare of the Nigerian economy and demonstrates our expert knowledge in providing tailored debt and capital raising solutions for our corporate clients across the African continent.

The transaction's success also reflects investors’ confidence in Dangote Industries Limited and Absa, as we continue to prove our capabilities and expertise to drive financial resilience and opportunities for longer term business growth.

Absa Awards

Our prestigious awards are a testimony to our Corporate and Investment Banking capabilities that are anchored on supporting the growth of key sectors of our economy, building strong partnerships with our clients as well as connecting clients to larger markets through our regional and global footprint

Related Articles

DEALS

Expanding the continent’s access to green energy

We are proud to have acted as Mandated Lead Arranger, Hedge Bank, Agent Bank and Account Bank for EDF-R’s three wind energy projects, part of South Africa’s REIPPP Programme.

DEALS

Cutting the perfect deal, flawless in its execution

We are proud to have successfully assisted Petra Diamonds in structuring a tender offer to holders of their existing bonds.

DEALS

Absa Corporate and Investment Banking India Exim Bank

Absa Corporate and Investment Banking and India Exim Bank have entered into an Issuing Bank Agreement