WorldStage Newsonline– Nigerian Breweries Plc, the nation’s leading brewing firm on Thursday informed the Nigerian Stock Exchange (NSE) and the investing public of the continuation of its Commercial Paper (CP) programme with the launch of Series 9 and 10 of the programme to raise up to N20 billion to support the Company’s short-term funding needs.
A notification at the NSE signed by Uaboi G. Agbebaku, Company Secretary said the programme will open on 23rd October, 2020 w hile Series 9 would be for a tenor of 180 days, Series 10 would be for 270 days.
“The CP Programme continues to provide the opportunity for non-equity investors to invest in the Company, support the Company’s cost management initiatives and serve as an additional source of funding for the Company,” the note said.
