Dangote Petroleum Refinery has raised $750 million through an international bond offering carrying a 7.5 percent fixed coupon, marking another milestone in the company’s access to global capital markets as it expands operations at Africa’s largest refinery.
According to bond details seen on the Bloomberg Terminal, the notes were issued at par (100) with a 7.5 percent yield and will mature on 16 July 2031. The senior unsecured bond was structured as a Rule 144A private placement for institutional investors in the United States and other eligible markets.
The transaction has an aggregate issuance of $750 million, with a minimum subscription of $200,000 and increments of $1,000. Interest will be paid semi-annually, with the first coupon payment due on 16 January 2027, while interest begins accruing from 16 July 2026.
The bond also includes a make-whole call option until July 2028, allowing the refinery to redeem the notes early under
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