Nigerian Breweries Plc Series 9, 10 and 11 Commercial Paper Now Open

Date:

We are pleased to inform you that the Nigerian Breweries PLC Issue of up to NGN20 Billion Series 9, 10 and 11 Commercial Papers (“Nigerian Breweries”) from the company’s NGN100 billion commercial paper programme is now open and scheduled to close on Friday, 30 October 2020 with funding date the next business day Monday 2 November 2020.

Thank you for reading this post, don't forget to subscribe!

Nigerian Breweries is the pioneer and largest Brewing Company in Nigeria with twenty six (26) distinct brands and is geared towards sustaining its leadership position through a strong distribution strategy for its brand. The Company was incorporated in 1946 and began the production of its STAR Lager beer product in June 1946. The nature of its business include Brewing and Marketing of Lager Beer, Stout as well as Non-Alcoholic beverages.

The Company’s strategy remains focused on two major areas. The first is to accelerate its premium growth led by the Heineken and Tiger brands and the second is to protect the core businesses like the lager brands and stout, while driving malt profitability.

Please see below a summary of the indicative terms of the offer.

Issuer: Nigerian Breweries PLC
Series:   Series 9 Series 10 Series 11
Tenor:   120 days 183 days 240 days
Target Size: Up to NGN20 billion
Discount Rate:   2.77% 2.96% 3.13%
Implied Yield:   2.80% 3.00% 3.20%
Offer Open Date: Monday, 26 October 2020  
Offer Close Date: Friday, 30 October 2020  
Settlement Date: Monday, 2 November  
Issue Date Monday, 2 November 2020    
Maturity Date: Tuesday, 2 March 2021 Tuesday, 4 May 2021 Wednesday, 30 June 2021
Issuer Rating: Aa- (Agusto); A1+ (GCR)  

 

The under-listed documents are forwarded herewith:

  1. The Pricing Supplement (Series 9, Series 10, Series 11)
  2. The Commitment Forms (Series 9, Series 10, Series 11)
  3. The Issuer’s rating by Agusto and GCR
  4. The Issuer’s 2020 PenCom Compliance Certificate

We look forward to your participation in the Nigerian Breweries Plc series 9, 10 and 11 Commercial Paper

For further information; kindly send a request via info@arthursteven.com

 

 

Share post:

Subscribe

Popular

More like this
Related

“Two broke people dating should be a crime” – Cynthia Morgan

March 28, 2024. Azonuchechi Chukwu. Nigerian singer, Cynthia Morgan has explained...

Positive Outlook for Nigeria as Interest-Rate Increases Spark Investor Interest

Nigeria Leads Emerging-Market Rebound Amidst Policy ReformsAs the first...

“West Africa’s Cocoa Crisis: Chocolate Prices Soar Amidst Devastation”

Janet Gyamfi, a 52-year-old cocoa farmer from western Ghana,...

Nigeria’s New Mining Licensing Strategy: A Shift Towards Local Processing

Nigeria is shifting its mining licensing process to prioritize...
Social Media Auto Publish Powered By : XYZScripts.com

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading