Nigerian Breweries Plc has informed the Nigerian Exchange and the investing public of the issuance of its Commercial Paper (CP) programme with the launch of Series 1, 2 and 3 of the programme under its N100 billion CP programme which opens on 11th January, 2023.
Series 1 would be for a tenor of 91 days, Series 2 would be for 120 days and Series 3 would be for 154 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 initiatives and serve as an additional source of funding for the Company.
Source: Nigerian Breweries to raise N100bn via Commercial Paper issuance – StocksWatch (stocksng.com)