East African Breweries Plc (EABL) will refinance its Sh11 billion corporate bond at a lower interest rate of 11.8 percent, a move that will reduce its finance costs by Sh49.5 million per annum.
The company’s bond, with a fixed interest rate of 12.25 percent, was due to mature on October 29, 2026, but the brewer decided to redeem it early at the end of this month.
