April 10, (THEWILL) — Champion Breweries Plc has fully redeemed its ₦15 billion inaugural Commercial Paper issuance, marking a significant milestone in its debt capital market activities and reinforcing investor confidence in the company.
In a statement released on Thursday, the brewer confirmed the repayment of its Series 2 notes valued at ₦10.78 billion, which matured on April 1, 2026. This follows the earlier settlement of its Series 1 issuance of ₦4.22 billion in December 2025, completing the full redemption of the programme launched in July 2025.
The company noted that the issuance was oversubscribed, attracting a wide range of institutional investors. It said this reflects strong market confidence in its financial stability, strategic direction, and long-term growth prospects.
According to the Chairman, Imo-Abasi Jacob, the successful redemption underscores the firm’s disciplined financial management and commitment to meeting its obligations. He added that the company remains focused on sustaining operational efficiency while exploring growth opportunities.
Champion Breweries also highlighted that its consistent repayment record strengthens its credibility in the debt capital market, positioning it to access future funding when needed. The company said this flexibility will support ongoing expansion and business development initiatives.
With over five decades of brewing heritage, the company produces brands such as Champion Lager and Champ Malta and operates under the enJOYcorp Group, a platform focused on scaling African consumer brands across regional and global markets.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
