BUA Cement Plc successfully completes US$29m Series 1 Corporate Bond Issue

NIGERIA – BUA Cement Plc, a part of BUA Group, has announced that it has successfully concluded its N115 billion (US$29m) Series 1 Fixed Rate Senior Unsecured Bond Issue under its maiden N200 billion (US$51m) Bond Issuance Programme. With this development, BUA Cement’s Series 1 Bond becomes the largest ever corporate bond issued in the Nigerian Debt and Capital Markets. A statement issued by the company said the development signalled growing investor confidence in the cement company. According to the company, an application will be made to dual-list the bonds…

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