Nigerian Breweries Plc has informed the Nigerian Stock Exchange and the investing public of the continuation of its Commercial Paper (CP) programme with the launch of Series 7 and 8 of the programme which will open on April 6, 2020.
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.
While Series 7 would be for a tenor of 182 days, Series 8 would be for 270 days. The CP Programme aims to raise up to a maximum of N48 billion to support the Company’s short-term funding needs.
