East African Breweries PLC (EABL) has received regulatory approval from the Capital Markets Authority to issue medium term notes worth up to KES 20 billion under its newly established Domestic Medium Term Note Programme.
The brewer said the first tranche, valued at KES 11 billion, will open for subscription on 27 October 2025 and close on 10 November 2025.
According to the announcement, the proceeds will be channelled toward general corporate purposes, with EABL emphasising that it does not expect an increase in debt levels following the issuance.
The notes, which will be listed on the Nairobi Securities Exchange, will attract an annual interest rate of 11.8 percent and will have a five-year tenor.
Investors can subscribe for a minimum of KES 10,000 and in multiples of the same amount.
The notes are unsecured and will rank equally with all other unsecured debt of the company. Allotment is scheduled for 12 November 2025, with payment and issue dates set for 18 November 2025.
EABL’s move marks one of the largest corporate bond offers in Kenya this year, signalling renewed confidence in the domestic capital markets.
The brewer’s leadership maintains that the issuance will support ongoing operations and future growth while reinforcing investor confidence in one of the region’s most resilient blue-chip companies.
