Aliko Dangote’s cement giant issues $122-million Series-1 fixed rate senior unsecured bonds
The issuance is the first made under its new $731-million (N300 billion) multi-instrument issuance program
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The issuance is the first made under its new $731-million (N300 billion) multi-instrument issuance program
The chairman and single majority shareholder, Dangote founded the cement company in 1981.
Dangote Cement has restated its commitment to bridge the supply gap and help reduce prices.
The billionaire’s net worth peaked at $18.4 billion earlier this year in January.
The Nigerian Senate has called for liberalizing cement policy to boost production and reduce market prices.
Aliko Dangote will take home $615.83 million in dividends from his 86-percent share in his cement business for 2020.
Aliko Dangote lost $1.2 billion in paper net worth in February.