Commercial Paper Offer: Dangote Sugar Refinery PLC Series 10-12

Cowryvest Dangote Sugar Commercial Paper

Dangote Sugar Refinery Plc Opened Series 10–12 Commercial Paper Issuance Worth Up to ₦100 Billion- Closes on the 25th of June.

Dangote Sugar Refinery Plc has commenced its Series 10–12 Commercial Paper (CP) issuance, aiming to raise up to ₦100 billion as part of its ₦300 billion Commercial Paper Issuance Programme.

A subsidiary of Dangote Industries Limited, the company specializes in refining, distributing, and marketing granulated sugar to wholesalers and major clients across various sectors.

The current offer, which opened recently, is expected to close on Wednesday, June 25, 2025.

With an installed refining capacity of 1.49 million metric tonnes annually, DSR remains the largest sugar refiner in Sub-Saharan Africa. The company has set its sights on producing an additional 1.5 million metric tonnes of refined sugar using domestically cultivated sugarcane, advancing its strategy to become a globally competitive, fully integrated sugar producer through backward integration.

Earlier this year, in February 2025, the company raised up to ₦50 billion through its Series 8 and 9 Commercial Paper issuance under a ₦150 billion programme, which concluded on Thursday, February 20, 2025.

In a significant governance update, Dangote Sugar Refinery announced the retirement of its Board Chairman, Aliko Dangote, effective June 16, 2025. Following a structured selection and transition process, the Board has appointed Arnold Ekpe, an Independent Non-Executive Director, as the new Chairman. Ekpe brings extensive leadership experience across banking and other key industries. His deep expertise in corporate governance, strategic insight, and commitment to stakeholder value position him to effectively guide the company’s continued growth.

Reach out to your Investment Advisor if you are interested in the offer.

Thanks for reading, and Happy Investing!

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