Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has completed its first international bond offering, issuing $750 million of senior notes in a private placement with a 7.5% coupon and a 2031 maturity. The deal is part of the Dangote Group’s $1.5 billion fundraising programme this year, following two earlier private placements completed for its fertiliser businesses. DPRP said it plans to use the proceeds to support its strategic objectives and increase financial flexibility ahead of a potential future IPO.