Lafarge Cement WAPCO Nigeria plc has successfully raised a total sum of N11.8 billion bond at a fixed interest rate of 11.5 percent, in an issuance completed under the company’s N50 Billion Bond Issuance Programme. This was disclosed at the company’s completion board meeting in Lagos recently. The first series of the bond issuance programme, which is a 3-year fixed rate (2011-2014) Bond, was offered to subscribers by way of a Book Build which was brought to a close on Friday, October 7, 2011. Proceeds from this issue will be utilised to re-finance part of the company’s existing variable interest rate loan facilities on the Lakatabu Expansion Project.