EABL Celebrates the Listing of Its KES 16.76 Billion Bond on the NSE
EABL Celebrates the Listing of Its KES 16.76 Billion Bond on the NSE
Successful Listing Marks a Major Milestone
East African Breweries Plc (EABL) held a bell-ringing ceremony at the Nairobi Securities Exchange (NSE) to celebrate the listing of the first tranche of its Medium-Term Note (MTN) Programme.
The company raised KES 16.76 billion, and the issuance was oversubscribed by 52%. This strong performance shows the high level of investor confidence in EABL’s financial stability, market leadership, and long-term strategy.
Investor Confidence Remains Strong
The bond represents the first phase of the KES 20 billion MTN Programme. EABL plans to use the funds to enhance operational efficiency and support continued expansion across East Africa.
Moreover, the oversubscription demonstrates increasing appetite for high-quality corporate bonds as the macroeconomic environment stabilizes. Investors are gaining renewed trust in Kenya’s capital markets.
Leadership Applauds the Achievement
During the ceremony, EABL Group MD and CEO Jane Karuku thanked investors for their support.
“Today’s milestone reflects the confidence investors place in EABL’s resilience, performance, and strategy. The success of this first tranche endorses our growth plans and disciplined execution,” she said.
She added that the strong response shows the maturity of Kenya’s capital market as more investors back long-term corporate instruments.
EABL Celebrates the Listing of Its KES 16.76 Billion Bond on the NSE
Government Commends the Issuance
Representing the National Treasury, Lawrence Kibet, Director General of Public Investments and Portfolio Management, congratulated EABL.
“We applaud EABL for reinforcing market confidence by listing the first tranche of its KES 20 billion MTN Programme. Capital markets remain central to Kenya’s economic transformation agenda,” he stated.
Capital Markets Players Recognize the Impact
Absa Bank Kenya Managing Executive for Corporate and Investment Banking, James Agin, highlighted the importance of the transaction.
“We are delighted to lead this issuance. It supports EABL’s strategic goals and strengthens the development of Kenya’s capital markets,” he said. He noted that the success reflects the growing sophistication of the investor community.
A Vote of Confidence in Kenya’s Corporate Bond Market
Overall, the bell-ringing ceremony signaled strong confidence in both EABL and Kenya’s evolving corporate bond market.
It also underscored the essential role that local capital markets play in financing economic growth and supporting long-term investments.
