FMDQ Securities Exchange Limited has approved the listing of Champion Breweries Plc’s ₦30 billion Series 1, five-year, 19.50 per cent senior unsecured fixed rate bond, enabling the brewer to raise long-term funds from investors through its platform.
The approval, granted by the Exchange’s Board Listings and Markets Committee, forms part of Champion Breweries’ ₦45 billion bond issuance programme and is expected to strengthen the company’s access to institutional capital within Nigeria’s debt market.
With the listing now in place, Champion Breweries is positioned to tap into a wider pool of investors in a transparent and regulated marketplace, further deepening its financing options beyond traditional lending channels.
Proceeds from the bond issuance will be deployed towards enhancing operational efficiency, modernising production infrastructure, and strengthening the company’s capital base. The brewer also intends to channel part of the funds into expansion initiatives aimed at driving sustainable growth and reinforcing its footprint in the Nigerian beverage market.
The transaction was sponsored by Rand Merchant Bank Nigeria Limited, a registration member (listings) of FMDQ Exchange, which facilitated the process of bringing the bond to market.
Speaking on the development, the Group Chief Operating Officer of FMDQ Group Plc, Tumi Sekoni, said the listing underscores growing investor confidence in Nigeria’s corporate debt market, particularly within the breweries sub-sector.
She said, “We are delighted to welcome the listing of Champion Breweries Plc’s ₦30 billion senior unsecured fixed rate bond on FMDQ Exchange. This transaction reflects continued growth in the Nigerian breweries sub-sector and provides Champion Breweries with efficient access to long-term institutional capital.”
Sekoni added that the development reinforces the Exchange’s position as a preferred platform for credible issuers seeking to raise funds.
“It also reinforces FMDQ Exchange’s role as the platform of choice for credible corporate issuers in Nigeria’s debt capital markets. We remain committed to supporting market development and enabling businesses to raise capital that drives sustainable economic growth,” she stated.
Market analysts note that the successful listing highlights increasing activity in Nigeria’s fixed income space, as corporates continue to explore bond issuances to fund expansion and optimise their balance sheets amid evolving economic conditions.
A senior unsecured fixed rate bond is a debt instrument that offers investors a fixed interest return over a defined period, while giving issuers access to stable, long-term financing without pledging specific assets as collateral.
FMDQ Exchange, through its technology-driven platform, continues to provide issuers with efficient access to capital while promoting transparency, regulatory compliance, and market integrity across Nigeria’s financial markets.
