(East African Breweries PLC, a public limited liability company incorporated in the Republic of Kenya with registration number 5/34)
DOMESTIC MEDIUM TERM NOTE PROGRAMME OF UP TO KES 20,000,000,000East African Breweries PLC ("EABL") hereby announces that the Capital Markets Authority in exercise of its powers under Section 30A of the Capital Markets Act (Chapter 485A of the Laws of Kenya), on 2 October 2025, granted approval to EABL to offer medium term notes in the aggregate principal amount of up to KES 20,000,000,000 ("Notes") under its Domestic Medium Term Note Programme.
Key details of the issuance of the Notes under the Domestic Medium Term Note Programme are indicated below:
Issuer | East African Breweries PLC |
Instrument | Listed Corporate Bonds |
Programme Amount | Up to Kenya Shillings twenty billion (KES 20,000,000,000) |
Tranche Number | 01 |
Tranche Amount | Up to Kenya Shillings eleven billion KES 11,000,000,000 |
Purpose | The proceeds of the issue of the Notes (after paying all expenses of the Issue) will be used by the Group for its general corporate purpose, or as otherwise specifically set out in the applicable Pricing Supplement. EABL does not anticipate an increase in debt levels as a result of this issuance. |
Tenor | 5 years |
Interest Rate (per annum) | 11.80% |
Minimum Subscription Amount | Kenya Shillings ten thousand KES 10,000 and integral multiples of KES 10,000 thereof. |
Status of the Notes | The Notes are unsecured and will rank pari passu with all unsecured debt of the Issuer. |
Listing | The Notes will be listed on the Nairobi Securities Exchange. |
Selling Restrictions | The issue is restricted, and no offer of the Notes will take place in any jurisdiction other than Kenya. |
Documentation | The Information Memorandum dated 16 October 2025, this Pricing Supplement and subscription forms are available from the offices of the Arranger and Placing Agent and from the following websites: https://eablmtn.e-otfer.app and https://www.eabl.com/investors/mtn-programme |
Salient Dates | |
Arrangers & Placing Agents | Absa Bank Kenya PLC Absa Securities Limited |
Sponsoring Stockbroker | Absa Securities Limited |
Calculation Agent, Paying Agent and Registrar | Image Registrars Limited |
Note Trustee | MTC Trust & Corporate Services Limited |
Legal Counsel | Coulson Harney LLP (trading as Bowmans, Kenya) |
Reporting Accountants | PricewaterhouseCoopers LLP, Certified Public Accountants |
Capitalised terms not separately defined herein shall bear the meaning given to them in the Information Memorandum and Pricing Supplement | |
Offer Opens | 27 October 2025 |
Offer Closes | 10 November 2025 |
Allotment Date | 12 November 2025 |
Notification Date (via email/ telephone) | 13 November 2025 |
Payment Date | 18 November 2025 |
Issue Date | 18 November 2025 |
CDS Account upload date | 20 November 2025 |
This announcement has been issued with the approval of the Capital Markets Authority pursuant to the Capital Markets (Public Offers, Listing and Disclosures) Regulations, 2023 as amended from time to time. As a matter of policy, the Capital Markets Authority assumes no responsibility for the correctness of the statements appearing in this announcement.