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EABL issues new corporate bond, targets Sh11bn
EABL plant in Ruaraka, Nairobi. The beer maker seeks to raise Sh11 billion debt through a corporate bond. PHOTO | FILE
Beer maker, East African Breweries Limited, is seeking to raise Sh11 billion debt through a corporate bond barely two months after maturity of its short-term debt.
The company targets Sh5 billion in the first tranche of the bond which will be offered to investors for two weeks beginning Wednesday for a return of 12.25 per cent. A Sh5.4 billion commercial paper issued by the brewer last year matured in January.
