The approval by FMDQ Exchange’s Board Listings and Markets Committee provides Champion Breweries with efficient access to long-term capital while offering investors a transparent and credible marketplace for investment. The listing reinforces FMDQ Exchange’s position as a leading platform for long-term debt capital market financing in Africa.
Champion Breweries, a major Nigerian beverage manufacturer known for producing high-quality alcoholic and non-alcoholic drinks for consumers nationwide, plans to use the net proceeds from the bond to enhance operational efficiency, modernize production infrastructure, strengthen its capital base, and support sustainable growth initiatives. The bond issuance is sponsored by Rand Merchant Bank Nigeria Limited, a Registration Member (Listings) of FMDQ Exchange.
A Senior Unsecured Fixed Rate Bond, such as this one, is a debt instrument that pays a fixed interest rate over a predetermined period and has priority over other unsecured obligations in the company’s capital structure.
Commenting on the development, Tumi Sekoni, Group Chief Operating Officer of FMDQ Group Plc, said:
“We are delighted to welcome the listing of Champion Breweries Plc’s N30 billion Senior Unsecured Fixed Rate Bond on FMDQ Exchange. This transaction reflects continued growth in the Nigerian breweries sub-sector and provides Champion Breweries with efficient access to long-term institutional capital. It also reinforces FMDQ Exchange’s role as the platform of choice for credible corporate issuers in Nigeria’s debt capital markets. We remain committed to supporting market development and enabling businesses to raise capital that drives sustainable economic growth.”
FMDQ Exchange continues to transform Nigeria’s capital markets by providing a technology-enabled, transparent platform that promotes regulatory compliance, market integrity, and investor confidence. The listing of Champion Breweries’ bond underscores the Exchange’s mission to empower corporate entities to access long-term financing and accelerate sustainable business growth.