Dangote Sugar shops for N50bn from series 15 & 16 Commercial Paper issuance
Dangote Sugar Refinery Plc on Monday opened the issuance of its Series 15 & 16 Commercial Paper (CP) of up to N50 billion.
The CP issuance under its N300billion Commercial Paper Issuance Programme closes on Wednesday, October 15, 2025.
Stanbic IBTC Capital Limited, Absa Capital Markets Nigeria Limited, are Greenwich Merchant Bank Limited the arrangers while the lead arranger is Stanbic IBTC Capital Limited.
The Issuer is rated A- by DataPro; Bbb+ by Agusto&Co.
Dangote Sugar Refinery Plc is a subsidiary of Dangote Industries Limited and engaged in the refining, distributing, and marketing of granulated sugar to wholesalers and top players in the skin care, food and beverage, and pharmaceutical industries.
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Dangote Sugar Refinery Plc consolidated and separate financial statements for the half-year (H1) period ended June 30, 2025 shows group revenue grew to N430.211billion in H1 as against N295.624billion in H1’24. Gross profit was N51.677billion H1’25, up from N18.138billion in H1’24. The group’s loss in H1’25 lowered to N24.274billion from a high of N144.008billion in H1’24.
Dangote Sugar Refinery Plc is Sub-Saharan Africa’s largest sugar refinery, with a combined installed refining capacity of 1.49 MMT per annum.
In the medium term, the Company is targeting an additional 1.5MMT of refined sugar from locally grown sugarcane and is on track to becoming a leading global integrated sugar producer with its backward integration plan.
