DEALS | 30 OCTOBER 2021

East Africa Breweries Deal

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Absa acted as sole transaction advisor and bookrunner on East African Breweries PLC(EABL) KES 11bn 5-year medium term note issuance, listed on the NSE. This high-profile transaction, which attracted total bids of nearly KES 38bn representing an overall subscription rate of 345%, is the largest non-infrastructure corporate bond issued in Kenya.

As Africa continues to innovate and grow, Absa strong regional presence and valuable network of international relationships continues to propel and support our clients’ expansion ambitions

East African Breweries Limited is a holding Company with subsidiaries involved in the marketing, production and distribution and collection of brands that range from beer, spirits to adult non-alcoholic drinks.

That’s Africanacity! #AfricaExpertise

Contact: Kumeshen Naidoo

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