The firm informed the Nigerian Exchange Limited and the
investing public about the issuance in a disclosure titled, ‘Series 4, 5 And 6
Of The Commercial Paper Programme’ signed by the Company’s Secretary, Uaboi
Agbebaku, on Tuesday.
The breweries said the series of commercial papers opened on
Friday, April 28, 2023, and closed on Wednesday, May 3, 2023.
Part of the statement read, “Series 4 is for a tenor of 95
days (with an implied yield of 12.5 per cent), Series 5 for 186 days (with an
implied yield of 13 per cent), and Series 6 for 228 days (with an implied yield
of 14 per cent).”
The company added, “The CP Programme continues to provide an
additional opportunity for existing and new investors to invest in the company
as well as support the company’s cost management initiatives and serve as an
additional source of funding for the company.”
Nigerian Breweries had N20bn from commercial paper issuance
earlier in the year. -PUNCH
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