Sustainability Investor Presentation
Accorded the Highest Issuer Rating by GCR
LENDING DIVERSIFICATION
RATINGS
DANGOTE
CEMENT
Facility
Pricings
Draw down
Tenor
Bond
12.5%
#100B
2025
Bond (tranche A, B&C)
11.25%-
13.5%
N50B
2024-2028
Bank debt
various
N359B
2021-2023
•
Related parties
7%-9%
N25B
2021-2025
The only Nigerian corporate to receive the AAA issuer
rating by GCR
On 30 March 2021, Global Credit Ratings
upgraded the long-term Issuer rating to AAA (NG) and affirmed the
short-term issuer rating of A1+(NG), with outlook as Stable
upgraded the long-term Issue rating of AAA (NG) accorded to
DCPs existing N100bn Series 1 Fixed Rate Bond and assigned an
indicative rating of AAA (NG) to its proposed Up to N300bn Bond
On 25 March 2021, Moody's:
assigned a (P)B2 local currency rating and Aa3.ng national scale
rating (NSR) to the NGN300 billion domestic medium-term
programme issued by DCP
assigned a B2 local-currency rating and Aa3.ng NSR to the
proposed series 1 notes to be issued under the programme
➤ affirmed DCP's B1 corporate family rating (CFR). The rating outlook
is negative, similar to that of the sovereign
Investor Presentation
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