Nigerian Breweries Commercial Paper

Nigerian Breweries

IssuerNigerian Breweries PLC
SectorConsumer Goods
IndustryBrewery
Programme₦100.00bn Commercial Paper Issuance Programme
Face Value (₦)1,000.00
CurrencyNigerian Naira
Issuer RatingAgusto & Co: Aa-
GCR: AA
Joint Lead Arrangers and DealersFBNQuest Merchant Bank Limited
FCMB Capital Markets Limited
Stanbic IBTC Capital Limited
Issuing, Calculation and Paying AgentStanbic IBTC Bank PLC
CP SpecialistN/A
UnderwriterN/A
GuarantorN/A
Day Count ConventionActual/Actual
Use of ProceedsThe net proceeds from each issue will be used solely to support the Issuer’s short term funding requirements
Early RedemptionN/A
SeriesIssue Amount (₦’bn)TenorIssue DateMaturity DateDiscount Rate at Issue (%)Yield at Issue (%)Offer Document
652.758073268 daysFeb. 12, 2020Nov. 6, 20207.10687.4969Pricing Supplement
824.33268 daysApr. 15, 2020Jan. 8, 20216.65877.0000Pricing Supplement