East African Breweries Plc (EABL) has revealed the listing of the Ksh 16.7 billion bonds on the Nairobi Securities Exchange.
In a statement dated Tuesday, November 25, 2025, the company confirmed that it had successfully listed the first tranche of its Medium-Term notes on the Nairobi Securities Exchange.
“EABL has Nairobi, November 25, 2025: East African Breweries Plc (EABL) today held an official bell-ringing ceremony at the Nairobi Securities Exchange (NSE) to mark the successful listing of the first tranche of its Medium-Term Note (MTN) Programme, raising KES. 16.76 billion.” Read part of the statement.
According to the National Treasury representative, Lawrence Kibet, the Director General, Public Investments and Portfolio Management, this bond marks the first phase of EABL’s Ksh 20 billion Medium-Term Note Programme.
“I congratulate the Board and Management of EABL for buttressing our bond issuers’ confidence in our domestic market through today’s listing of the first tranche of its KES 20 billion Medium-Term Note Programme on the NSE.” Read the statement.
EABL Oversubscription Underscores Investor Confidence
The company confirmed that 52% oversubscription reflects strong investor confidence in EABL’s financial performance and the long-term growth strategy.
The statement also noted that this subscription reflects a robust appetite for quality corporate paper as the macroeconomic environment shows signs of stabilization, offering investors renewed confidence in the local capital markets.
Also Read: CMA Approves EABL’s KSh16.7 Billion Bond Offer After Strong Investor Demand
Jane Karuku, EABL’s Group MD and CEO, highlighted that the oversubscription is a great endorsement for the company’s growth agenda and the disciplined execution of its long-term strategy. She added that it illustrates a maturing capital market in Kenya, where investors are confident in backing corporate instruments from companies with a proven track record.
“Today’s milestone reflects the confidence that investors continue to place in EABL’s performance, resilience, and strategic direction. The success of this first tranche is a major endorsement of our growth agenda and the disciplined execution of our long-term strategy. It also illustrates a maturing capital market, where investors are increasingly willing to back long-term corporate instruments from stable and reputable issuers.” Said Jane Karuku.
First Phase of Kes 20 Billion Mtn Programme
Despite the First Phase (Tranche 1) of East African Breweries Plc’s (EABL) KES 20 billion Medium-Term Note (MTN) Programme being aimed at raising up to KES 11 billion to refinance existing debt and fund growth initiatives, it passed the target by closing at Ksh 16.76 billion due to oversubscription and the exercise of a green-shoe option.
Also Read: EABL Announces Nationwide 2026 Internship Program; How to Apply
East African Breweries Plc (EABL) is a regional leader in beverage alcohol with an exceptional collection of brands across beer and spirits.
Although business is concentrated on three core markets of Kenya, Uganda, and Tanzania, their products are sold in more than 10 countries across Africa and beyond.
Their brands are an outstanding combination of local jewels and international premium spirits, which include Tusker, Guinness, Bell Lager, Serengeti Lager, Kenya Cane, Chrome Vodka, Johnnie Walker, Captain Morgan, and Smirnoff.
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