Champion Breweries Lists N30 Billion Fixed Rate Bond on FMDQ to Boost Expansion
Champion Breweries Plc has taken a major step to strengthen its financial footing by listing a N30 billion Series 1, 5-Year, 19.50% Senior Unsecured Fixed Rate Bond on FMDQ Securities Exchange Limited. The listing, approved under the company’s N45 billion Bond Issuance Programme, provides a transparent platform for the brewer to access long-term funding while offering investors a reliable fixed-income instrument backed by a leading Nigerian beverage company.
The FMDQ Securities Exchange highlighted the significance of the bond approval, noting it reflects growing activity in Nigeria’s corporate debt market, particularly in the consumer goods sector. Following the Board Listings and Markets Committee meeting, the Exchange emphasized that such transactions enhance access to institutional capital and support the sustained growth of the breweries sub-sector. Ms. Tumi Sekoni, Group Chief Operating Officer of FMDQ Group PLC, expressed optimism about the listing, underscoring the Exchange’s commitment to helping corporates raise funds that drive economic growth.
Champion Breweries plans to deploy the proceeds strategically to strengthen operations and market position. The funds from the bond issuance will enhance operational efficiency, modernize production infrastructure, and support capital base expansion initiatives. This financial boost is expected to position the brewer for sustainable growth while delivering long-term value to investors and stakeholders. Rand Merchant Bank Nigeria Limited is sponsoring the issuance, highlighting the role of Nigeria’s domestic bond market in financing corporate expansion.
The bond listing follows a period of strong financial performance for Champion Breweries. In 2025, the company reported a 108% surge in profit before tax, reaching N2.65 billion, driven by a 43% revenue increase to N29.8 billion and improved operational efficiency. The brewer has also actively raised capital through a N42 billion public offer, aimed at funding the acquisition of the Bullet brand portfolio and diversifying revenue streams across African markets.
With a 5-year tenor and 19.50% coupon, the Senior Unsecured Fixed Rate Bond offers predictable income for investors while allowing Champion Breweries to raise funds without diluting shareholder ownership. As the company positions itself for expansion, the move underscores the growing appeal of Nigeria’s corporate bond market as a tool for funding strategic growth initiatives in the consumer goods sector.
source: nairametrics