Dangote Sugar Refinery Plc’s Series 12 commercial paper has been admitted to trading on the NASD Over-the-Counter Exchange, marking a significant step under the company’s ₦300 billion Commercial Paper Issuance Programme, Investorsking reported.
NASD Plc disclosed on Tuesday that the short-term debt instrument has a face value of ₦96.67 billion and is due to mature on March 18, 2026. The admission allows the paper to be traded on the secondary market, improving visibility, liquidity and price discovery within Nigeria’s debt market.
Dangote Sugar Refinery Plc, a publicly listed company incorporated in Nigeria, is engaged in refining raw sugar into both Vitamin A–fortified and non-fortified granulated white sugar for the local market. The company also provides related services in logistics, supply chain management, credit and risk advisory, sales and merchandising.
The listing of the Series 12 paper reflects Dangote Sugar’s continued reliance on the commercial paper market to broaden its funding options, support working capital needs and align short-term borrowing with operational cash flows. For investors, the NASD admission enhances transparency and tradability within the OTC market framework.
NASD said the development is in line with its objective of strengthening Nigeria’s capital markets by providing companies with access to alternative financing options while expanding investment opportunities for institutional and qualified investors.
Market participants are expected to track trading activity and pricing trends on the paper as more companies turn to the commercial paper market amid changing liquidity conditions.
