Champion Breweries Makes History with ₦30bn Bond, RMB Takes the Lead
Champion Breweries Plc has entered Nigeria’s capital market history books with a landmark ₦30 billion bond issuance, led by Rand Merchant Bank (RMB) as the Lead Issuing House and Bookrunner. This is not just another funding deal—it’s a first-of-its-kind move in Nigeria’s breweries sub-sector.
Key Highlights of the Bond Deal
• Bond Size: ₦30 billion
• Tenor: 5 years
• Coupon Rate: 19.50% (fixed-rate)
• Structure: Senior unsecured bond
• Programme Size: Part of a larger ₦45 billion Bond Issuance Programme
This marks Champion Breweries’ maiden bond issuance, making it the first brewery company in Nigeria to raise funds through the bond market.
Strong Investor Confidence Despite Tough Market Conditions
Even in a volatile interest rate environment, the bond attracted robust demand from:
• Pension Fund Administrators (PFAs)
• Asset managers
• Trustees
• High-net-worth individuals
• Other institutional investors
This strong participation signals high confidence in Champion Breweries’ credit quality, governance, and long-term growth strategy.
️ What Will the ₦30bn Be Used For?
The bond proceeds will be strategically deployed to:
• Improve operational efficiency ⚙️
• Modernise production infrastructure
• Strengthen the company’s capital base
• Support sustainable growth and long-term value creation
️ What the Leaders Are Saying
• Chairman, Champion Breweries, Mr. Imo-Abasi Jacob, described the bond as “a statement of intent”, highlighting the company’s governance strength and resilient business model.
• CEO, Champion Breweries, Dr. Inalegwu Adoga, noted that the bond reflects strong investor belief in the company’s strategic direction under EnjoyCorp.
• RMB Nigeria executives emphasized that the transaction showcases the depth and sophistication of Nigeria’s debt capital markets, while setting a strong precedent for other brewery players.
Why This Matters
• ✅ First-ever bond issuance in Nigeria’s breweries sub-sector
• ✅ Expands funding options beyond bank loans
• ✅ Strengthens Champion Breweries’ balance sheet
• ✅ Boosts confidence in Nigeria’s corporate bond market
Big Picture Takeaway
This transaction is more than fundraising—it’s a strategic shift. Champion Breweries is positioning itself for scale, efficiency, and long-term competitiveness, while RMB continues to reinforce its role as a key player in Nigeria’s investment banking space.
A bold move and one worth watching closely in 2026 and beyond.
Champion Breweries Plc has entered Nigeria’s capital market history books with a landmark ₦30 billion bond issuance, led by Rand Merchant Bank (RMB) as the Lead Issuing House and Bookrunner. This is not just another funding deal—it’s a first-of-its-kind move in Nigeria’s breweries sub-sector.
Key Highlights of the Bond Deal
• Bond Size: ₦30 billion
• Tenor: 5 years
• Coupon Rate: 19.50% (fixed-rate)
• Structure: Senior unsecured bond
• Programme Size: Part of a larger ₦45 billion Bond Issuance Programme
This marks Champion Breweries’ maiden bond issuance, making it the first brewery company in Nigeria to raise funds through the bond market.
Strong Investor Confidence Despite Tough Market Conditions
Even in a volatile interest rate environment, the bond attracted robust demand from:
• Pension Fund Administrators (PFAs)
• Asset managers
• Trustees
• High-net-worth individuals
• Other institutional investors
This strong participation signals high confidence in Champion Breweries’ credit quality, governance, and long-term growth strategy.
️ What Will the ₦30bn Be Used For?
The bond proceeds will be strategically deployed to:
• Improve operational efficiency ⚙️
• Modernise production infrastructure
• Strengthen the company’s capital base
• Support sustainable growth and long-term value creation
️ What the Leaders Are Saying
• Chairman, Champion Breweries, Mr. Imo-Abasi Jacob, described the bond as “a statement of intent”, highlighting the company’s governance strength and resilient business model.
• CEO, Champion Breweries, Dr. Inalegwu Adoga, noted that the bond reflects strong investor belief in the company’s strategic direction under EnjoyCorp.
• RMB Nigeria executives emphasized that the transaction showcases the depth and sophistication of Nigeria’s debt capital markets, while setting a strong precedent for other brewery players.
Why This Matters
• ✅ First-ever bond issuance in Nigeria’s breweries sub-sector
• ✅ Expands funding options beyond bank loans
• ✅ Strengthens Champion Breweries’ balance sheet
• ✅ Boosts confidence in Nigeria’s corporate bond market
Big Picture Takeaway
This transaction is more than fundraising—it’s a strategic shift. Champion Breweries is positioning itself for scale, efficiency, and long-term competitiveness, while RMB continues to reinforce its role as a key player in Nigeria’s investment banking space.
A bold move and one worth watching closely in 2026 and beyond.