The series 1 and 2 commercial papers sold to investors in July 2025 by Champion Breweries Plc have been fully repaid on maturity.
The brewery firm issued the short-term debt instruments to the tune of N15 billion about four months ago to fund its working capital.
It was the inaugural commercial paper issuance of the organisation, which recently completed the acquisition of the iconic Bullet energy drink brand. The CP sale was oversubscribed, reinforcing investor confidence.
The Series 1 and 2 issuances attracted diverse participation from institutional investors, signalling strong confidence in Champion Breweries’ financial position, strategy, and growth outlook.
The Series 1 was valued at N4.22 billion and matured in December 2025, while the Series 2 was worth N10.78 billion and matured on April 1, 2026.
The repayment reflects the company’s strong liquidity position and its consistent track record of meeting investor commitments.
According to the chairman of Champion Breweries, Mr Imo-Abasi Jacob, the successful repayment of the debt reflects the brewer’s disciplined approach to financial management and long-term strategy.
“The successful redemption of our series 1 and 2 commercial paper issuance reflects the strength of our financial position and the confidence investors have in our business. It demonstrates the strength of our governance and the resilience of our business,” he stated.
“As we look ahead, we remain focused on executing our growth strategy, driven by a consumer-led approach and responsible innovation, while continuing to deliver sustainable value to all stakeholders,” he added.
Since the establishment of the programme, Champion Breweries has demonstrated its ability to engage the debt capital markets with credibility, reinforcing its reputation as a reliable issuer and a company well-positioned to leverage future funding opportunities.