Tag Archives: Commercial Paper Programme

Nigerian Breweries unveils Series 7 and 8 of Commercial Paper Programme

Nigerian Breweries logo

Nigerian Breweries Plc announced on Thursday the continuation of its Commercial Paper Programme with the launch of N48bn Series 7 and 8 of the programme which is set to open on the 6th of April, 2020.

In a statement, the company said that while Series 7 would be for a tenor of 182 days, Series 8 would be for 270 days, and the aim is to raise up to N48 billion to support the Company’s short terms funding needs.

Nigerian Breweries unveils Series 5 and 6 of Commercial Paper Programme

beer

Nigerian Breweries Plc announced on Friday the continuation of its Commercial Paper Programme with the launch of its N45bn Series 5 and 6 of the programme which is set to open on the 3rd of February, 2020.

In a statement, the company said that while Series 5 would be for a tenor of 180 days, Series 6 would be for 270 days, and the aim is to raise up to N45 billion to support the Company’s short terms funding needs.

Nigerian Breweries to list N15bn CP on FMDQ

bottles of beer

Nigerian Breweries Plc has said it will list its ongoing N15 billion Commercial Papers (CP) issuance on the FMDQ OTC Securities Exchange to provide investors opportunity to trade on their holdings.

The firm is offering 90-day and 182-day CPs to investors with the aim of raising N15bn short-term funds for its operations.

Nigerian Breweries launches Series 3 and 4 of Commercial Paper Programme

Nigerian Breweries Plc on Tuesday announced the continuation of its N15bn Commercial Paper Programme with the launch of Series 3 and 4 of the programme which opened on the 24th of June, 2019.

The company noted that while Series 3 would be for a tenor of 91 days, Series 4 would be for 172 days, and the aim is to raise up to N15 billion to support the Company’s short terms funding needs.

Nigerian Breweries seeks N15bn short-term funding through Commercial Paper Programme

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Nigerian Breweries Plc on Thursday announced the issuance of a N15bn Commercial Paper (CP), part of the company’s N100 billion commercial paper programme to support its short-term funding.

The company is offering 90-day and 182-day Commercial papers to investors with a view to raising short-term funds for its operations. The 90-day CPs carry effective and discount yields of 11.590 per cent and 11.2680 per cent respectively while the 182-day CPs carry 14.430 per cent and 13.4614 per cent respectively.

Nigerian Breweries sets up new N100bn “Commercial Paper” programme, accepts new loan facility

Nigerian Breweries logo

Nigerian Breweries Plc (“NB”), announced on Monday the establishment of a new N100bn Commercial Paper (“CP”) programme.

In a statement released by the company to the Nigeria Stock Exchange (NSE), it said the new Commercial Paper could be issued in tranches or series of such amounts and at such dates, discounted values, coupon or interest rate, within such maturity periods and upon such other terms and conditions as may be determined by the company.

The establishment of a N100bn Commercial Paper by NB marks the second time the brewing company would set-up a “CP” of this magnitude. At the height of the Nigerian recession in 2015, the company established a N100bn Commercial Paper programme, which at the time was reported to be the largest Commercial Paper programme to be established in Nigeria by a (non-financial institution) corporate issuer since the 2009 guidelines on Commercial Paper from the Central Bank of Nigeria (CBN).

Nigerian Breweries Plc establishes N100bn Commercial paper programme

Nigerian Breweries Plc (NB), on Monday, Sept. 29th, established a N100 billion Commercial Paper (“CP”) programme.

It is the largest commercial paper programme to be established in Nigeria by a (non-financial institution) corporate issuer since the 2009 guidelines on commercial paper from the Central Bank of Nigeria (CBN).

According to the company, the launch of the inaugural commercial paper issue under the programme would kick off on or before Thursday, Oct. 8th.