Investor Presentaiton
Robust Capital Structure
LENDING DIVERSIFICATION
Facility
Pricings
Draw down
Tenor
Bond - April 2020
12.5%
N100B
2025
Bond - May 2021 (tranche
11.25%-
N50B
2024-2028
A,B&C)
13.5%
Bond - April 2022 (tranche
A,B&C)
11.85%-
N116B
2027-2032
13.0%
Bank debt
various
N372.4B
2021-2023
Commercial Paper
10-14%
N138.8B
2023
Related parties
6%-8.5%
N38.8B
2021-2025
Bond discount value - N263B
Commercial paper discount value - N127B
Investor Presentation
as at the end of September 2023
•
RATINGS
DANGOTE
CEMENT
On 21 July 2023, Global Credit Ratings
long-term Issuer rating affirmed at AA+ (NG), with a stable outlook, while
the short-term issuer rating at A1+(NG) was with a stable outlook
long-term Issue rating of AA+ (NG) accorded to DCPs existing Bond issues
and DCPs new N116bn Series 2 Bond, with the outlook accorded stable.
February 2023, Moody's:
➤ (P)B3 local currency rating and Baa3.ng national scale rating (NSR) to the
NGN300 billion domestic medium-term programme issued by DCP.
Caa1 long term corporate family rating (CFR). The rating outlook is stable,
similar to that of the sovereign.
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