East African Breweries Plc (EABL) will pay off its Sh11 billion corporate bond at the end of this month, a year before its scheduled redemption date of October 29, 2026.
The company’s Chief Financial Officer, Risper Ohaga, told the Business Daily that the move will lower finance costs, improve liquidity and extend the brewer’s debt profile, adding that the bond redemption will be funded from other borrowings whose details were not disclosed.
