EABL Pays Ksh.674 Mn Interest to Bond Holders

East African Breweries Plc (EABL) has paid an interest payment of Ksh 673.8 million to bondholders of its Ksh 11 billion medium-term corporate bond.

EABL Group MD and CEO, Jane Karuku (middle) in the company of author and business management consultant, Sunny Bindra (left) and Absa Bank Kenya, Head of Global Clients and Financial Institutions Group, Eric Riitho speaking on EABL’s success on celebrating 100 years of business.

East African Breweries Limited (EABL) has paid Ksh.673.8 million as its first interest payout to its Ksh.11 billion medium-term note (MTN) holders.

This will apply to bondholders of the KShs 11 billion medium-term corporate bond on record as of April 13, 2022, in accordance with the terms and conditions of the company’s prospectus for the bond issue Programme.

EABL Group Managing Director and Chief Executive Officer (CEO) Jane Karuku says proceeds from the bond issues in October 2021 have been instrumental to the Group’s expansion plans.

“The bond proceeds have been instrumental in supporting our capacity expansion strategy and contributing to our overall performance,” she said.

The five-year timed paper which offers an interest rate of 12.25 percent, payable semi-annually was ranked among the top corporate deals transacted in 2021 by the Bond and Loans Awards.

East African Breweries’ medium-term note was oversubscribed by 245 percent with the brewer receiving KSh37.9 billion.

It had targeted to raise KSh11 billion in debt.

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Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.

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