FMDQ Exchange Lists the Dangote Industries Funding PLC ₦300.00 Billion Bonds on its Platform

Following its commitment to facilitate growth and development in the Nigerian debt markets and the economy at large by continuously promoting an efficient, transparent, and well-regulated market, FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”), Nigeria’s largest securities exchange by turnover, through its Board Listings and Markets Committee, approved the listing of the Dangote Industries Funding PLC ₦187.58 billion Series 1 (Tranche A & B) and ₦112.42 billion Series 2 Senior Unsecured Bonds under its ₦300.00 billion Debt Issuance Programme on its platform. The Series 1 and 2 bonds were listed on FMDQ Exchange in November 2022 and March 2023, respectively.Dangote Industries Funding PLC is a special purpose vehicle set up by Dangote Industries Limited (“Dangote Industries” or the “Issuer”) to raise finance through the listing of debt securities. Dangote Industries is a diversified and fully integrated conglomerate with an annual group turnover of over US$4 billion with vibrant operations in Nigeria and Africa across a wide range of sectors including cement, sugar, salt, condiments, packaging, energy, port operations, fertiliser, and petrochemicals To mark this noteworthy achievement, FMDQ Exchange, in keeping with its tradition, held a prestigious listing Ceremony at its offices on Wednesday, March 29, 2023. Present to celebrate the successful admission of the bonds on FMDQ Exchange were the issuer, Dangote Industries Limited, represented by the Group Managing Director, Mr. Olakunle Alake and other representatives of Dangote Industries. Also present at the Ceremony were the sponsors of the bonds and Registration Member (Listings) of FMDQ Exchange – Standard Chartered Capital and Advisory Nigeria Limited (Lead Sponsor to the Series 1 Bonds), Stanbic IBTC Capital Limited (Lead Sponsor to the Series 2 Bond), Absa Capital Markets Nigeria Limited, Afrinvest Capital Limited, Coronation Merchant Bank Limited, Ecobank Development Company Limited, FBNQuest Merchant Bank Limited, Futureview Financial Services Limited, FCMB Capital Markets Limited, Greenwich Merchant Bank Limited, Quantum Zenith Capital & Investments Limited, Meristem Capital Limited, Rand Merchant Bank Nigeria Limited, United Capital PLC and Vetiva Capital Management Limited (Co-Sponsors to the Bonds), as well as other parties to the issue.