Champion Breweries PLC (“Champion Breweries” or “the Company”) is pleased to announce the successful redemption of its ₦4.21 billion Series 1 Commercial Paper Notes upon maturity, issued under its ₦15 billion Commercial Paper Issuance Programme.
The Series 1 Commercial Paper provided cost-effective short-term financing, boosting the Company’s liquidity and cash flow management. The 50% oversubscription of the Series 1 and 2 Commercial Paper demonstrate strong investor confidence in Champion Breweries’ credit profile and ability to deliver sustainable stakeholder value. The Series 1 Commercial Paper had a tenor of 176 days at a discount rate of 21.1081%.
The full and timely redemption of the Series 1 Commercial Paper reflects Champion Breweries’ disciplined financial management and prudent treasury practices, while reinforcing continued confidence by participants in the Nigerian debt capital markets in the Company’s operational resilience and liquidity management framework.
Commenting on the redemption, Dr. Inalegwu Adoga, Managing Director of Champion Breweries PLC, said:
“This successful redemption highlights our commitment to financial discipline and transparency. It is a testament to the trust our investors place in us and strengthens our ability to execute our long-term growth strategy while delivering value to all stakeholders.”
Champion Breweries remains focused on strengthening its financial position, maintaining robust stakeholder confidence, and executing its long-term growth strategy with discipline and transparency.
The Commercial Paper Programme forms part of the Company’s broader capital markets strategy and provides flexible access to funding in line with prevailing market conditions.
About Champion Breweries PLC
Champion Breweries PLC (RC 13388) is a publicly listed Nigerian beverage company with five decades of brewing heritage and a portfolio that includes Champion Lager and Champ Malta. The Company is part of the enJOYcorp Group, a consumer brands platform focused on scaling African products into regional and global markets.
