Nigerian Breweries Plc Offers 11.59% & 14.43% Yield on 90 & 182-Day Commercial Paper as Offer Closes on 18th April

Please be informed that Nigerian Breweries Plc is seeking to raise up to ₦15.0bn in the first and second series of its ₦100.0bn Commercial Paper (“CP”) Programme to support its short term funding requirements.

Please see below the details of the offer:

                                    Nigerian Breweries Plc
Series Number Series 1 Series 2
Tenor 90 days 182 days
Effective Yield 11.5900% 14.4300%
Discount Rate 11.2680% 13.4614%
Issuer Rating Aa (Agusto); AA (GCR) Aa (Agusto); AA (GCR)
Minimum Subscription Minimum of ₦5.0m and multiples of ₦1,000 thereafter Minimum of ₦5.0m and multiples of ₦1,000 thereafter
Offer Open Thursday, April 11th, 2019 Thursday, April 11th, 2019
Offer Close Date Thursday, April 18th, 2019 Thursday, April 18th, 2019
Settlement Date Tuesday, April 23rd, 2019 Tuesday, April 23rd, 2019
Maturity Date Monday, 22nd July 2019 Tuesday, 22nd October 2019

To invest in the Commercial Paper, send an email to – brokerageteam@afrinvest.com or contact the persons below:
AFRINVEST

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