East African Breweries Limited is seeking to offer additional notes out of its existing Kenya Shilling Eleven billion Domestic Medium Term Note Program after receiving regulatory approval on 6 March 2017.
The amount on offer on this second tranche is Ksh 6 Billion for a period of 5 years. The minimum subscription amount is Ksh 100,000 and thereafter in multiples of Ksh 50,000. The notes are senior unsecured and have equal ranking with all senior unsecured debt.
Offers open on 8 am, Monday 13 March 2017 and close 5 pm, Friday 24 March 2017. The allotment date is on 27 March 2017.
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Arrangers & placing agents for this notes are Barclays Bank of Kenya, Barclays Financial Services Limited, Stanbic Bank Kenya Limited and SBG Securities Limited.
Note: EABL issued Ksh 5 Billion in the first tranche on 23 March 2015 and matures on 19 March 2018 with a fixed coupon rate of 12.5% which is traded on the Nairobi Securities Exchange.
