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Browsing: Medium Term Note
- East African Breweries Plc’s KSh 11 billion ($96.8 million) Medium-Term Note ranked among the top corporate deals done in Africa in 2021
- The Bond and Loans Awards usually recognizes the most innovative and ground-breaking deals from Sovereign, Corporate, and Financial Institution issuers and borrowers
- The bond was issued in October and saw investors bid KSh 37.9 billion ($333 million) in the issuing round, representing an oversubscription of 275%, a record for EABL
The Bond and Loans Awards has ranked East African Breweries Plc’s KSh 11 billion ( EABL ) ($96.8 million) Medium-Term Note among the top corporate deals done in Africa in 2021.
The Awards ceremony usually recognizes the most innovative and ground-breaking deals from Sovereign, Corporate, and Financial Institution issuers and borrowers.
It named the bond the Local Currency Corporate Bond Deal of the Year.
EABL Group CFO Risper Genga-Ohaga said issuing the bond was the right decision.
“When …