Dangote Refinery Unit Seeks $1 Billion Private Debt From Foreign Investors
Updated
Updated · Bloomberg · Jun 11
Dangote Refinery Unit Seeks $1 Billion Private Debt From Foreign Investors
1 articles · Updated · Bloomberg · Jun 11
Summary
Dangote Petroleum Refinery & Petrochemicals FZE is seeking to raise as much as $1 billion through a private debt sale, according to people familiar with the plan.
Foreign investors are the target buyers for the offering, the people said, with the fundraising structured as a private placement rather than a public debt sale.
The move comes from Africa's largest crude processing plant, giving the planned borrowing broader significance for financing in Nigeria's energy sector.