FMDQ Securities Exchange Limited has officially approved the listing of Champion Breweries Plc’s N30 billion Series 1, 5-Year, 19.50% Senior Unsecured Fixed Rate Bond. This approval falls under the company’s N45 billion Bond Issuance Programme.

The listing, disclosed by the Exchange following a meeting of its Board Listings and Markets Committee, is set to provide Champion Breweries with deeper access to long-term funding through Nigeria’s debt capital market. It offers investors a fixed-income instrument backed by a significant player in the beverage sector.

FMDQ Securities Exchange Limited highlighted that the bond approval signifies continued activity in Nigeria’s corporate debt market, particularly within the consumer goods segment. The transaction reflects sustained growth in the Nigerian breweries sub-sector and provides efficient access to long-term institutional capital.

Ms. Tumi Sekoni, Group Chief Operating Officer of FMDQ Group PLC, expressed optimism, stating that the Exchange remains committed to supporting corporates in raising capital to drive sustainable economic growth.

Champion Breweries intends to utilize the net proceeds from the bond issuance to enhance operational efficiency, modernize production infrastructure, strengthen its capital base, and support expansion initiatives. These strategic priorities are aimed at bolstering its market position and driving sustained growth.

The issuance was sponsored by Rand Merchant Bank Nigeria Limited, underscoring the growing role of the domestic bond market in financing corporate expansion across key sectors of the Nigerian economy.

This capital raise comes at a time when Champion Breweries has demonstrated strong financial performance. The company reported a 108% surge in profit before tax to N2.65 billion in 2025, driven by a 43% revenue growth to N29.8 billion and improved operational efficiency.

Additionally, Champion Breweries recently concluded a N42 billion public offer aimed at funding the acquisition of the Bullet brand portfolio. This capital raise is expected to expand its footprint and diversify revenue streams across African markets.

The Senior Unsecured Fixed Rate Bond, with its 5-year tenor and 19.50% coupon, offers investors predictable income while enabling Champion Breweries to raise necessary funds without diluting shareholder ownership.