Champion Breweries Redeems N15 Billion Commercial Paper

Champion Breweries Plc announced the full redemption of its N15 billion commercial paper, which included the repayment of its Series 2 N10.78 billion note maturing on April 1, 2026. This announcement was made on Thursday, following the company's earlier settlement of its Series 1 N4.22 billion commercial paper in December 2025.

The recent repayment demonstrates Champion Breweries' strong liquidity position and consistent track record in meeting investor obligations. The Series 1 and Series 2 issuances attracted diverse participation from institutional investors, signaling strong confidence in the company's financial position and strategic growth outlook.

Mr. Imo Abasi Jacob, Chairman of Champion Breweries Plc, commented on the significance of this milestone, underscoring the company's disciplined financial management and long-term strategy. The establishment of the commercial paper program reinforces the company's credibility in engaging with debt capital markets and positions it to leverage future funding opportunities for growth initiatives.