BUA Cement Plc says it will sustain competitiveness with the N115 billion Series Fixed Rate Senior Unsecured Bond issue under the company’s maiden N200 billion bond issuance programme.
The Chief Executive Officer, BUA Cement, Yusuf Binji, made the disclosure at the digital closing gong ceremony to commemorate the bond issue organised by the Nigerian Exchange (NGX) Ltd., in Lagos on Tuesday.
Binji said the bond issue was part of the company’s growth strategies to access the debt capital market with the intent to raise long-term finance.
“Today marks another milestone on our journey to becoming the preferred manufacturer of cement in Nigeria and Africa in general.
“As part of our growth strategy, we took the deliberate decision to access the debt capital market with the intent to raise N100 billion, being the first tranche of our N200 billion programme.
“However, given the overwhelming response to the tune of over N130…