Dangote Part For Additional ₦300 Billion To Finance Refinery

Dangote Part For Additional ₦300 Billion To Finance Refinery
Dangote

Dangote Industries Limited (DIL) at the end of the week opened an application rundown to raise up to N300 billion in medium-term obligation subsidizing from the Nigerian capital market.

The cash is to fund the Dangote Petroleum Refinery being underlying Lagos and due for culmination in the principal quarter of the following year.

The firm, through a particular reason vehicle reserve. Dangote Industries is offering two tranches of bonds to raise up to N150 billion, with an arrangement to increase to the regular of its N300 billion enrolled bond issuance program.

The book constructing a register for imminent financial backers for the N300 billion bond issuance is planned to close Thursday..

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