Guinness Nigeria has announced that it will be establishing a N10 billion Commercial Paper (CP) programme.
The establishment is with the view to launching its inaugural CP issue under the programme on or before Friday, 8th May 2015.
The aforementioned was made known to newmen in the company’s headquarters in Ikeja, Lagos.
Speaking at the signing ceremony, Mr. John O’Keeffe, the Managing Director/CEO of Guinness Nigeria, commented:
“We are very pleased with the successful launch of this Commercial Paper programme for Guinness Nigeria Plc and the support received from our advisors to get us to this point. This will be the first corporate CP programme to be established in recent times, following the new CBN guidelines coming into effect, and we are pleased to be the first company to take advantage of this opportunity. We look forward to a robust uptake of this inaugural issuance imminently, whilst retaining the flexibility offered by the programme to tap into the CP market again in the nearest future.”