December 2, 2022

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Nigerian Breweries registers N100bn CP programme on FMDQ”s platform


Nigerian Breweries Plc has registered a N100 billion industrial paper (CP) issuance programme on the FMDQ Securities Alternate Restricted (FMDQ Alternate) platform.

Nigerian Breweries is the pioneer and largest brewing firm in Nigeria, engaged within the making and promoting of lager, stout, non-alcoholic malt, and tender drinks.

The corporate operates in over 10 breweries and roughly two malting crops throughout the nation.

The FMDQ stated that by way of the registration of this CP Programme, which is sponsored by Stanbic IBTC Capital Restricted because the Lead Sponsor, FCMB Capital Markets Restricted and FBNQuest Service provider Financial institution Restricted, all Registration Member (Quotations) of the Alternate, the Issuer is availed the chance to boost short-term finance from the Nigerian debt markets at a time it deems appropriate, by way of CP issuances, inside the CP Programme restrict.   

The profitable admittance of 102 securities, valued at N3.36 trillion, on its platform to this point within the yr 2022 attests to the environment friendly and uniquely tailor-made itemizing and citation service supplied by FMDQ Alternate.

As a securities alternate with a dedication to facilitate progress and improvement within the Nigerian debt markets and the Nigerian financial system at massive, FMDQ Alternate will proceed to advertise an environment friendly, clear, and well-regulated market, which can entice and retain each home and overseas traders.

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