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NIGERIAN BREWERIES CP

NIGERIAN BREWERIES CP

FBNQuest Merchant Bank Limited and Stanbic IBTC Capital Limited are pleased to announce that the Nigerian Breweries PLC Series 13 & 14 Commercial Paper under its NGN100 billion CP Programme is NOW OPEN.

Issuer: Nigerian Breweries PLC
Series:  13 14
Tenor:  91-days 182-days
Target Size: Up to N15 billion across both Series
Discount Rate: 11.6515% 11.7665%
Implied Yield: 12.0001% 12.4999%
Minimum Investment: N5,000,000 and multiples of N1,000 thereafter
Offer Opens: Wednesday, May 9, 2018
Offer Closes: Tuesday, May 15, 2018
Allotment Date: Tuesday, May 15, 2018
Funding Date: Wednesday, May 16, 2018
Issuer Rating: Aa (Agusto & Co, valid till 30 June 2018)

AA (Global Credit Rating, valid till 30 April 2019)

Tax Consideration: Free and clear of withholding taxes
Status of the Notes: Senior Unsecured
Use of Proceeds: Working capital financing
Listing: FMDQ OTC PLC

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