FMDQ has approved the quotation of the Nigerian Breweries PLC (“Nigerian Breweries” or “the issuer”) ₦100.00bn Commercial Paper Issuance Programme on its platform. Of the ₦100.00bn programme, a total of ₦2.22bn in the tenth series have currently been issued and sold down to investors.

Issuer Rating Report

Issue Date	Rating Agency	Rating	Expiry Date
Jul. 2016	Agusto	Aa	Jun. 2017