Nigerian Breweries announces series 9, 10 of CP programme
Nigerian Breweries Plc has announced 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 initiatives and serve as an additional source of funding for the Company.”
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