Champion Breweries Redeems N4.21bn Commercial Paper, Demonstrates Financial Discipline

Champion Breweries Plc has announced the successful redemption of its N4.21 billion Series 1 Commercial Paper upon maturity. The company issued a N15 billion Commercial Paper issuance program, with the Series 1 Commercial Paper providing a cost-effective short-term financial boost.

The redemption reflects Champion Breweries' disciplined financial management and prudent treasury practices, reinforcing investor confidence in the Nigerian debt capital market. Dr.

Inalegwu Adoga, the Managing Director of Champion Breweries, highlighted the commitment to financial discipline and transparency to strengthen the company's long-term growth strategy.