Nigerian Breweries launches Series 9 and 10 commercial paper

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Nigerian Breweries Plc is pleased to inform The Nigerian Stock Exchange and the investing public of the continuation of its Commercial Paper programme with the launch of Series 9 and 10 of the programme which opens on 23rd October 2020.

While Series 9 would be for a tenor of 180 days, Series 10 would be for 270 days. The CP Programme aims to raise up to N20 billion to support the Company’s short-term funding needs.

The CP Programme continues to provide the opportunity for non-equity investors to invest in the Company, support the Company’s cost management initiatives and serve as an additional source of funding for the Company.

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