Champion Breweries issues N30b 5-year Senior Unsecured Bond

Champion Breweries Plc has successfully issued its maiden N30 billion 5-year Fixed Rate Senior Unsecured Bond. Rand Merchant Bank acts as Lead Issuing House and Bookrunner on the bond.

The bond was issued at a coupon of 19.50 per cent, under its N45 billion Bond Issuance Programme. This landmark transaction marks a significant milestone as Champion Breweries continues to expand its footprint and strengthen its position in Nigeria’s beverage industry.

The Bond Issuance is the first bond to be issued by a player in the breweries sub-sector in Nigeria signalling the company’s ambition to diversify its funding sources, strengthen its capital structure, and position Champion Breweries for sustainable growth in a competitive market.

Commenting on the Bond Issuance, Chairman of Champion Breweries Plc, Imo-Abasi Jacob said: “The successful Bond Issuance is more than a financing milestone, it is a statement of intent. By accessing the debt capital markets, we have demonstrated the strength of our governance, the resilience of our business model, and the confidence investors place in our long‑term vision”.

He said the bond issuance is a catalyst for transformation enabling Champion Breweries modernize its production infrastructure, strengthen its capital base, and position Champion Breweries to compete at scale. We are proud to set a precedent in the breweries sub‑sector, and we remain committed to leveraging this momentum to drive innovation, efficiency, and stakeholder prosperity.

Managing Director/CEO of Champion Breweries Plc, Dr Inalegwu Adoga said: “This successful Bond Issuance reflects investor confidence in Champion Breweries and our strategic direction under EnjoyCorp. With this capital, we are focused on driving operational efficiency and unlocking opportunities that will sustain growth and reinforce our leadership in Nigeria’s beverage market.”

Executive Director, Rand Merchant Bank Nigeria Limited (RMB Nigeria), Head of Investment Banking Broader Africa, Chidi Iwuchukwu highlighted: “Champion Breweries Plc’s maiden Bond Issuance is a significant milestone for the breweries sub-sector and reflects the increasing depth of Nigeria’s debt capital markets. Rand Merchant Bank is proud to have partnered with Champion Breweries Plc as Lead Issuing House and Bookrunner, leveraging our expertise in credit ratings advisory, transaction structuring, debt advisory, as well as investor and regulatory engagements to deliver seamless execution.”

Chief Executive Officer of RMB Nigeria, Bayo Ajayi, added:

“We are proud to have led and advised Champion Breweries through the process of accessing long-term funding from the debt capital markets. This transaction demonstrates the depth and sophistication of Nigeria’s debt capital markets. At RMB Nigeria, we remain committed to structuring solutions that meet our clients’ funding needs while contributing to the development of Nigeria’s capital markets.

Champion Breweries’ successful issuance sets a strong precedent for future bond issuances from players in the breweries sub-sector.”

Despite launching the Bond Issuance amidst volatile interest rate environment, the Bond Issuance attracted robust demand from diverse set of institutional investors which included Pension Fund Administrators, Asset Managers, Trustees, a Bank, a Registrar and High Net-Worth Individuals underscoring strong confidence in Champion Breweries’ credit quality and long-term growth strategy under its management team and board of directors.

The bond proceeds will be strategically allocated to enhance operational efficiency, enabling Champion Breweries sustain growth and deliver long-term value to stakeholders.

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