Champion Breweries Lists N30bn Bond On FMDQ Exchange

Champion Breweries Plc has listed its N30 billion Series 1, 5-Year, 19.50 per cent Senior Unsecured Fixed Rate Bond on the FMDQ Securities Exchange Limited.
The bond was under its N45.00 billion bond issuance programme.

The approval by the exchange’s board listings and markets committee enables Champion Breweries to access capital efficiently while providing investors with the benefit of a transparent marketplace. This reinforces the Exchange’s role as Africa’s foremost platform for credible, transparent, and efficient long-term debt capital market financing.

FMDQ Exchange stated that the net proceeds from the bond issuance, sponsored by Rand Merchant Bank Nigeria Limited will be used to enhance operational efficiency, modernise production infrastructure, strengthen the company’s capital base, and fuel sustainable expansion growth, positioning Champion Breweries to deliver sustained value to its stakeholders and reinforce its position in the Nigerian market.

The exchange explained that a Senior Unsecured Fixed Rate Bond is a debt instrument that pays a fixed interest rate and is repaid over a set period, with priority over other unsecured obligations.

Speaking on the listing, the group chief operating officer of FMDQ Group, Ms. Tumi Sekoni stated, “we are delighted to welcome the listing of Champion Breweries’ N30 billion Senior Unsecured Fixed Rate Bond on FMDQ Exchange.

“This transaction reflects continued growth in the Nigerian breweries sub-sector and provides Champion Breweries with efficient access to long-term institutional capital. It also reinforces FMDQ Exchange’s role as the platform of choice for credible corporate issuers in Nigeria’s debt capital markets.”

She said, “we remain committed to supporting market development and enabling businesses to raise capital that drives sustainable economic growth.”

FMDQ Exchange continues to play a transformative role in Nigeria’s capital markets by providing a dynamic, technology-enabled platform that promotes transparency, regulatory excellence, and market integrity, empowering corporate entities to access long-term capital and accelerate sustainable growth.