Data by the Ministry of Industrialisation shows the number of registered companies in Kenya stands at over 310,000 Out of the figure, only 65 are listed at the Nairobi Securities Exchange (NSE) Safaricom tops the list of the richest companies in Kenya followed closely the East African Breweries Ltd Data by the Ministry of Industrialisation […]
Absa Bank Kenya #ticker:ABSA has lent East African Breweries Limited #ticker:EABL (EABL) a total of Sh18.8 billion, breaching the limits placed on lending to a single borrower. The bank had a core capital of Sh46.3 billion as of June, meaning that it should not have lent more than Sh11.5 billion to one entity. The brewer […]
Absa Bank Kenya #ticker:ABSA Thursday revealed it offered East African Breweries Plc #ticker:EABL (EABL) a syndicated loan of Sh18.8 billion to avoid breaching the law with the disclosure of multiple lenders not made public by the brewer in its latest annual report. The bank said it offered EABL a Sh10.8 billion and the remaining amounts […]
East African Breweries Plc (EABL) will now rely on long-term borrowings to fund its capital expenditure, a move it says will improve its liquidity. The company has several multi-billion-shilling loans due within a year, contributing to overall short-term liabilities exceeding its current assets. “The group’s statement of financial position indicates a net current liabilities position […]
EABL General Managing Director Jane Karuku. [Wilberforce Okwiri, Standard] East African Breweries ’ medium-term note has been oversubscribed by 245 per cent with the brewer receiving Sh37.9 billion. The brewer was looking to raise Sh11 billion in debt in an offer that was open for 15 days beginning October 6, 2021. EABL Group CEO Jane […]
East African Breweries Limited (EABL) said yesterday its Sh11 billion bond was oversubscribed by more than three times signalling renewed investor confidence in the previously troubled local bond market. Investors bid a total of Sh37.9 billion in the issuing round, EABL said, representing an oversubscription of 275 percent. “We issued this medium-term note based on […]
Banking, manufacturing stocks and the NSE’s sole listed telco Safaricom are tipped to lead in market performance in the last quarter of the year as the effects of the easing of curfew restrictions filter through into the economy. Analysts at Mauritius-based investment bank AXYS, which trades locally as AIB-AXYS Africa, said in a note that […]
East African Breweries Limited floated KSh 11 billion corporate bond early this month but the medium-term notes were oversubscribed by 245% Capital Markets Authority says this is the single largest non-infrastructure corporate bond and commercial papers offer ever floated in the Kenyan market The funds will be used to finance investments in expanding production and […]
EABL General Managing Director Jane Karuku. [Wilberforce Okwiri, Standard] East African Breweries ’ medium-term note has been oversubscribed by 245 per cent with the brewer receiving Sh37.9 billion. The brewer was looking to raise Sh11 billion in debt in an offer that was open for 15 days beginning October 6, 2021. EABL Group CEO Jane […]
East African Breweries Limited floated KSh 11 billion corporate bond early this month but the medium-term notes were oversubscribed by 245% Capital Markets Authority says this is the single largest non-infrastructure corporate bond and commercial papers offer ever floated in the Kenyan market The funds will be used to finance investments in expanding production and […]
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