Champion Breweries Issues Landmark N30bn 5-Year Bond under N45bn Programme

Bonny Oriarehu

Champion Breweries Plc has announce the successful issuance of its maiden N30 billion 5-year Fixed Rate Senior Unsecured Bond at a coupon of 19.50 per cent, under its N45 billion Bond Issuance Programme.

The landmark transaction, it said in a statement, marks a significant milestone as it continues to expand its footprint and strengthen its position in Nigeria’s beverage industry.

“The Bond Issuance is the first bond to be issued by a player in the breweries sub-sector in Nigeria signalling the Company’s ambition to diversify its funding sources, strengthen its capital structure, and position Champion Breweries for sustainable growth in a competitive market.

“The bond proceeds will be strategically allocated to enhance operational efficiency, enabling Champion Breweries sustain growth and deliver long-term value to stakeholders,” the statement reads in part.

Commenting,Chairman of Champion Breweries Plc, Mr Imo-Abasi Jacob, said, “The successful Bond Issuance is more than a financing milestone, it is a statement of intent. By accessing the debt capital markets, we have demonstrated the strength of our governance, the resilience of our business model, and the confidence investors place in our long‑term vision.”

Managing Director/CEO of Champion Breweries Plc, Dr Inalegwu Adoga, commented: “This successful Bond Issuance reflects investor confidence in Champion Breweries and our strategic direction under EnjoyCorp. With this capital, we are focused on driving operational efficiency and unlocking opportunities that will sustain growth and reinforce our leadership in Nigeria’s beverage market.”

Executive Director, Rand Merchant Bank Nigeria Limited (RMB Nigeria), Head of Investment Banking Broader Africa,Chidi Iwuchukwu highlighted:
“Champion Breweries Plc’s maiden Bond Issuance is a significant milestone for the breweries sub-sector and reflects the increasing depth of Nigeria’s debt capital markets. Rand Merchant Bank is proud to have partnered with Champion Breweries Plc as Lead Issuing House and Bookrunner, leveraging our expertise in credit ratings advisory, transaction structuring, debt advisory, as well as investor and regulatory engagements to deliver seamless execution.”