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.”