- Dangote Sugar Refinery aims to raise $34m through Series 4 and Series 5 commercial papers.
- High yields expected to attract significant investor interest despite being below the inflation rate.
Lagos, Nigeria – Dangote Sugar Refinery Plc, sub-Saharan Africa’s largest sugar refiner, has opened its Series 4 and Series 5 commercial papers for subscription as of Thursday, May 16. The Series 4 paper, a 181-day security, is offered at a discount rate of 20.6511%, equivalent to a 23% yield.
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