The Capital Markets Authority (CMA) has given the East African Breweries PLC (EABL) the green light to increase the total allotment for the first tranche of its KSh20 billion Medium-Term Note Programme to KSh16.72 billion, following an oversubscription of 152.4 per cent.
In a notice released on November 12, EABL stated that the decision to raise the allotment was made with the approval of the CMA after high demand from investors.
“EABL PLC sought and received approval from the Authority to increase the total allotment for Tranche 1 to accommodate the oversubscription,” read part of the notice.
Initially, EABL aimed to raise KSh 11 billion through the first tranche of the note, which was issued as a five-year paper carrying a fixed interest rate of 11.8 percent.
The note carries a coupon rate of 11.80% per annum, with a minimum denomination of KSh 10,000, and will mature on November 18, 2030.
Coupon payments will be made on 18 May and 18 November of each year, up to and including the maturity date, at an issue price of 100%.
Increased Investor Demand in EABL Bond
According to the EABL notice, the issuance attracted high participation from investors, having raised KSh 16.72 billion against the original target of KSh 11 billion, indicating strong interest in the issuance.
“The performance of 152.4 per cent indicates strong investor interest in the issuance,” the notice stated.
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This KSh16.72 billion forms part of the total KSh20 billion Medium-Term Note Programme that EABL registered with the Capital Markets Authority.
The EABL company launched the programme shortly after completing the early redemption of its KSh 11 billion 12.25% 2021 note.
CMA confirmed that the approval followed a formal request from EABL to revise the tranche size based on the high level of subscriptions received.
“The Authority reviewed the application and granted approval for the company to allot the full KSh16.72 billion to investors,” CMA stated.
EABL’s Invitation for Kenyans to Invest
In a statement on Monday, October 27, EABL announced that the Capital Markets Authority (CMA) granted approval on October 2, 2025, for the issuance of medium-term notes, enabling the company to periodically issue debt securities to finance its operations and expansion.
Also Read: EABL Invites Kenyans to Invest in Ksh 11 Billion Bond from as Little as Ksh10K: How to Apply
“East African Breweries PLC hereby announces that the Capital Markets Authority, in exercise of its powers under Section 30A of the Capital Markets Act, has granted approval to EABL to offer medium-term notes in the aggregate principal amount of up to Ksh 20 billion under its Domestic Medium-Term Note Programme,” read part of the notice.
The offer opened on Monday, October 27, 2025, and will close on Monday, November 10, 2025.
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