Stock Market
Nigerian Breweries Declare Open Series 9 and 10 Commercial Paper Programme
Nigerian Breweries Open Series 9 and 10 Commercial Paper Programme for Subscription Today
Nigerian Breweries has declared open its series 9 and 10 commercial programme paper for subscription by investors.
The company disclosed this in a statement released through the Nigerian Stock Exchange.
In the statement signed by Uaboi G. Agbebaku, Nigerian Breweries said: “Nigerian Breweries Plc (“the Company”) is pleased to inform 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 23rd October, 2020. 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 initiatives and serve as an additional source of funding for the Company.”