Nigerian Breweries eye N45bn from launch of Commercial Paper programme

Nigerian Breweries have announced the launch of Series 5 and 6 of its Commercial Paper programme.

According to a notice filed by the firm to the Nigerian Stock Exchange, the programme would open on the 3rd of February, 2020.

Series 5 is expected to last for 180-days, while Series 6 should last for 270 days. The aim is to raise up to N45bn to supplement the Company’s short term funding needs.

Last year, the company successfully concluded Series 1 to 4 of its renewed N100 billion CP programme.