The East African Breweries Ltd (EABL) has made a strategic re-entry into the bond market, seeking  a total of KES20 billion, just weeks after making an early settlement of a KES11 billion bond.

According to EABL's Group Chief Financial Officer, Risper Ohaga, the funds from the latest corporate bond would be used to finance investments, repay debts, refinance short-term borrowings and provide working capital for the regional beverages manufacturer.

“Interest rates have reduced significantly since we issued the last medium term note in 2021 and we are of the considered view that this is an opportune moment to go back to the market," explained Ms. Ohaga.

She added: "EABL believes that the market has the depth and sophistication to support significant corporate issuances, which has been proven time and again whenever we have gone to the capital markets."

The cash call, which has already received a nod from the Capital Markets Regulator will start trading on Main Fixed Income Securities Market of the Nairobi Securities Exchange. 

Investors have 15 days starting Monday, 27 October 2025, to subscribe for the offer which is set to earn 11.8 percent interest.

Speaking as the lead arranger, Absa Bank Kenya’s Managing Executive for Corporate and Investment Banking James Agin, stated, “At Absa Bank Kenya, we are proud to serve as the Lead Arranger, Placing Agent, and Sponsoring Agent for EABL’s KSh20 billion Medium-Term Note Programme. This partnership is a strong testament to our commitment to helping our clients access sustainable, long-term financing through innovative capital markets solutions.”

EABL’s last Medium-Term Note in October 2021 was oversubscribed, attracting KES37.9 billion in applications against a target of KES11 billion.

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