Champion Breweries Plc has redeemed its N4.21bn Series 1 Commercial Paper Notes at maturity, demonstrating its strong financial discipline and investor confidence. The notes issued under its N15bn Commercial Paper Issuance Programme, with a 176-day tenor, and investors oversubscribed them by 50%.
READ ALSO: FG orders banks, fintechs to remit VAT on service fees, Jan 19
According to Dr. Inalegwu Adoga, the Managing Director, “the successful repayment underscores the company’s commitment to financial discipline and transparency. This successful redemption highlights our commitment to financial discipline and transparency. It strengthens our ability to execute our long-term growth strategy while delivering value to all stakeholders,” Adoga said.
The redemption reinforces confidence in Champion Breweries’ operational resilience and liquidity management framework, and forms part of its broader capital markets strategy.
Discover more from The Industry
Subscribe to get the latest posts sent to your email.
