March 30, (THEWILL) — FMDQ Securities Exchange Limited has approved the listing of Champion Breweries Plc’s N30 billion Series 1, 5-Year, 19.50 per cent Senior Unsecured Fixed Rate Bond under its N45 billion Bond Issuance Programme.
The approval was disclosed in an emailed statement by the Exchange following a meeting of its Board Listings and Markets Committee, paving the way for the brewer to deepen its access to long-term funding through Nigeria’s debt capital market.
The listing offers Champion Breweries a transparent and efficient platform to raise capital, while also providing investors with an opportunity to participate in a fixed-income instrument backed by a key player in Nigeria’s beverage sector.
FMDQ noted that the successful approval underscores sustained activity in Nigeria’s corporate debt market, particularly within the consumer goods segment.
According to the Exchange, “The Board Listings and Markets Committee has approved the listing of Champion Breweries Plc’s N30 billion Series 1, 5-Year, 19.50% Senior Unsecured Fixed Rate Bond.
The issuance was executed under the company’s N45 billion Bond Issuance Programme.”
It added that the transaction reflects continued growth in the Nigerian breweries sub-sector and highlights the market’s ability to provide efficient access to long-term institutional capital.
Commenting on the development, the Group Chief Operating Officer of FMDQ Group PLC, Tumi Sekoni, expressed optimism, noting that the Exchange remains committed to supporting corporates in raising capital to drive sustainable economic growth.
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.
