East African Breweries PLC (EABL) has issued a new KSh11 billion Medium-Term Note under its KSh 20 billion Medium Term Note Programme.
The Medium-Term Note has been approved by the Capital Markets Authority and will later begin trading on the Main Fixed Income Securities Market of the Nairobi Securities Exchange.
Interested investors have 15 days beginning Monday, 27 October 2025 to subscribe for the offer. Arrangers for the note are Absa Securities Limited and Absa Kenya PLC.
The new Medium-Term Note, closing on 10 November 2025, comes hot on the heels of the early redemption of the KSh11-billion bond issued in October 2021.
Risper Ohaga, Group Chief Financial Officer, “Interest rates have reduced significantly since we issued the last medium term note in 2021 and we are of the considered view that this is an opportune moment to go back to the market. EABL believes that the market has the depth and sophistication to support significant corporate issuances, which has been proven time and again whenever we have gone to the capital markets.”
EABL has been a robust player in the capital markets and has been successful in securing funds to finance new ventures.
Ms. Ohaga said the funds from the latest corporate bond would be used to finance investments, repay debts taken in the course of business, refinance short-term borrowings and provide working capital.
Absa Bank Kenya’s Managing Executive for Corporate and Investment Banking, James Agin, stated, “At Absa Bank Kenya, we are proud to serve as the Lead Arranger, Placing Agent, and Sponsoring Agent for EABL’s KSh20 billion Medium-Term Note Programme. This partnership is a strong testament to our commitment to helping our clients access sustainable, long-term financing through innovative capital markets solutions.”
EABL’s last Medium-Term Note in October 2021 was oversubscribed, attracting KShs 37.9 billion in applications against a target of KShs. 11 billion.