Dangote Petroleum Refinery & Petrochemicals FZE has completed a 10-year senior unsecured international Eurobond issuance, pricing the long-dated paper at a coupon yield of 8.30%.
The bond was issued on Thursday September 10th, Aliko Dangote said at an event on the NGX.
The placement builds on the company’s previous international capital markets debut—which raised $750 million via a 5-year paper priced at 7.50%—and represents a strong vote of institutional confidence in the complex’s long-term cash generation.
Issued without a formal public credit rating or prospectus, the 10-year paper cleared at a tight spread of 80 basis points over comparable sovereign FGN Eurobond benchmarks, demonstrating robust international appetite for Africa’s primary energy anchor.
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