Alake said that the success of the transaction further demonstrates investor confidence in the company's credit story and the appreciation of the work done by the group across several key sectors crucial to the development of the continent. "We are very pleased to have set this remarkable milestone, showcasing the depth and liquidity of the Nigeria debt capital market. "The proceeds from this landmark transaction will be used to part-finance the Dangote Petroleum Refinery Project which is the initiative by the company to establish the largest refinery in Africa, thus positioning Nigeria as a net exporter of refined crude. "We want to specially thank the investor community for their support on this transaction, as well as our various advisors and stakeholders," he said. Mr. Olukorede Adenowo, Standard Chartered's Executive Director, Corporate, Commercial and Institutional Banking, Nigeria and West Africa, expressed pride on behalf of the issuing houses, to have led the historic transaction.