- 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.
This article is free to read.
Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.
Create your free account or sign in
