Guinness Nigeria raises N5b CP
Guinness Nigeria Plc at the end of the week shut application list for its N5 billion business paper issuance.
Guinness Nigeria, an individual from the Diageo Group, offered to raise up to N5 billion in Series 1 and Series 2 Commercial Paper (CP) under its N10 billion Commercial Paper Program so as to help its short-financing prerequisites.
Guinness Nigeria offered 180-day CP with compelling yield of 6.000 percent and a rebate pace of 5.8280 percent under its Series 1 and 270-day CP with viable yield of 6.5000 percent and a markdown pace of 6.2024 percent under its Series 2. Application list for the offers opened on June 16 and shut on June 19, 2020.
Least membership was N5 million and from that point in products of N1,000. The CPs were assigned after conclusion at the end of the week yet the settlement date will be today, Monday, June 22, 2020.
Guinness Nigeria is one of the main heavy drinker and non-mixed refreshment organizations in Nigeria, with a prevailing piece of the overall industry in the strong portion.
Its three bottling works plants deliberately situated in Nigeria has a joined creation limit of 10 million hectolitres yearly.
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