Champion Breweries Plc has successfully completed the redemption of its N15 billion inaugural Commercial Paper programme, marking the full repayment of both Series 1 and Series 2 notes.
The company announced on Thursday, April 9, 2026, that it had repaid the Series 2 N10.78 billion notes, which matured on April 1, 2026. This followed the earlier settlement of the Series 1 N4.22 billion Commercial Paper in December 2025.
In a statement, Champion Breweries said the successful redemption reflects its strong liquidity position and consistent track record of honouring investor obligations. Both series attracted significant participation from institutional investors, demonstrating confidence in the company’s financial health, strategy, and long-term growth prospects.
Chairman of Champion Breweries Plc, Mr Imo-Abasi Jacob, described the milestone as a testament to the company’s disciplined financial management and strategic focus.
“The successful redemption of our Series 1 and Series 2 Commercial Paper issuance reflects the strength of our financial position and the confidence investors have in our business,” he said. “It demonstrates the strength of our governance and the resilience of our business. As we look ahead, we remain focused on executing our growth strategy, driven by a consumer-led approach and responsible innovation, while continuing to deliver sustainable value to all stakeholders.”
The company noted that since establishing the Commercial Paper Programme in July 2025, it has demonstrated credibility in engaging the debt capital markets. This achievement, it added, strengthens its reputation as a reliable issuer and positions it well to explore future funding opportunities as it pursues expansion initiatives.
Champion Breweries Plc, with over five decades of brewing heritage, is a publicly listed Nigerian beverage company. Its portfolio includes Champion Lager and Champ Malta, and it operates as part of the enJOYcorp Group — a consumer platform focused on building and scaling African brands across regional and global markets.
The full redemption of the oversubscribed Commercial Paper issuance underscores the company’s robust cash flow management and commitment to meeting its financial obligations in a timely manner.
