Dangote Sugar Refinery Plc has registered its N200bn multi-instrument issuance programme with the Securities and Exchange Commission.
This was disclosed in a statement filed with the Nigeria Exchange Limited and signed by the Company Secretary, Temitope Hassan, on Tuesday.
According to Hassan, the initiative underscores the company’s commitment to diversifying its funding sources in alignment with its corporate objectives and strategic growth plans.
“Dangote Sugar Refinery Plc hereby notifies the Nigerian Exchange Limited and the general public of the successful registration of its N200bn multi-instrument issuance programme with the Securities and Exchange Commission.
“The registration of the Multi-Instrument Issuance Programme represents a significant step for DSR and reinforces the company’s commitment to diversifying its funding sources in alignment with its corporate objectives,” the company said.
The firm added that future issuance under the programme would depend on prevailing market conditions and would require relevant regulatory approvals.
Last Monday, Dangote Sugar announced that it had issued Series 4 and 5 Commercial Paper notes to raise N42.79bn under the company’s N150bn Commercial Paper Issuance Programme.
It was reported that investors had shown strong interest in the CPs with participation from pension and non-pension asset managers as well as other institutional and individual investors.
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