Nigerian Breweries Commercial Paper (CP) programme opened today October 26, 2020.
Nigerian Breweries had announced the continuation of its N100 billion Commercial Paper (CP) Issuance Programme in a bid to raise up to N20 billion to support its short term funding needs.
The CP now launched in three Series – 9, 10, and 11, the brewer said while notifying investors of a rearrangement of this tranche of its Commercial Paper programme.
While Series 9 would be for a tenor of 120 days, Series 10 and 11 would be for 183 days and 240 days respectively, Nigerian Breweries told investors at the Nigerian Stock Exchange (NSE).
“Other details communicated in the earlier notification of the CP programme remain unchanged”, it said.
