Nigerian Breweries announces series 9, 10 of CP programme

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By Kayode Tokede

Nigerian Breweries Plc has an-nounced to The Nigerian Stock Exchange and the investing public of the continuation of its Commercial Paper (CP) programme with the launch of Series 9 and 10 of the programme which opens on October 23rd, 2020.

Nigerian Breweries Company Secretary, Uaboi. Agbebaku in a signed statement said, “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 vinitiatives and serve as an additional source of funding for the Company.”