In a bid to uphold the standard of its corporate objectives, Dangote Sugar Refinery Plc has registered its N200bn multi-instrument issuance programme with the Securities and Exchange Commission.
A statement filed with the Nigeria Exchange Limited and signed by the company secretary, Mrs. Temitope Hassan, on Tuesday said the initiative highlights the company’s dedication to diversifying its funding sources, which aligns 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 statement said.
It pointed out that future issuances under the programme would depend on prevailing market conditions and would require relevant regulatory approvals.
Persecondnews recalls that 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.
Investors, including pension and non-pension asset managers, as well as other institutional and individual investors, reportedly expressed a strong interest in the CPs.
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