Nigerian Exchange Limited

BUA Cement to Borrow N100 Billion Following SEC Approval

BUA Announces N100 Billion Bond Offer

BUA Cement Plc, Nigeria’s second-largest cement manufacturing company, on Wednesday announced it has commenced a book-building process for its Series 1, N100 billion 7-year Fixed Rate Senior Unsecured Bonds under its N200 billion bond programme.

The manufacturer said the announcement followed a successful approval by the Securities and Exchange Commission (SEC).

BUA stated in a statement signed by Ahmed Aliyu, Company Secretary, BUA Cement Plc.

The cement manufacturer added that its offer is “open to all Qualified Institutional Investors and High Networth Investors as defined by the Securities and Exchange Commission’s rules and regulations, and is scheduled to run from Tuesday 15 December until Monday 21 December, 2020.”
Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Samed Olukoya
4 years ago

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