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BUA Cement announces plans for bond sale

BUA Cement announces plans for bond sale 07 May 2021 Nigeria’s BUA Cement has announced plans to sell a second tranche of bonds under its NGN200bn (US$525.6m) programme to finance its expansion plans, following the release of the first NGN115bn tranche last year. Yusuf Binji, CEO, noted that the amount of the sale will depend on its funding needs but did not give an expected time for the sale. The company plans to expand capacity in the country to 20Mta from 11Mta. We will only export our excess capacity if the Nigerian market is not able to take up what we are producing, said the CEO. Demand has been extremely strong in the last one year.

Nigeria s BUA Cement eyes bond sale for expansion

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BUA Cement to sustain competitiveness with bond issuance

BUA Cement to sustain competitiveness with bond issuance On Kindly Share This Story: 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.

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