East African Breweries PLC (EABL) has announced plans to redeem early its outstanding Kenya Shillings 11 billion Medium-Term Notes (MTN) issued in 2021, marking a significant milestone in the company’s ongoing financial management and debt optimization strategy.
In an official notice dated 13 October 2025, EABL stated its intention to exercise the right of early redemption in accordance with the terms outlined in the 2021 Medium-Term Note Programme and its accompanying Information Memorandum. The redemption will take effect on 29th October 2025, ahead of the original maturity schedule.
Under the terms of the redemption, noteholders will receive the full principal amount together with accrued and unpaid interest up to and including the Early Redemption Date. Payments will be made to investors registered with the Central Depositories and Settlement Corporation (CDSC) as of 14th October 2025, which serves as the Record Date.
Following the redemption, EABL confirmed that the notes will be delisted from the Fixed Income Securities Market Segment of the Nairobi Securities Exchange (NSE), formally bringing the 2021 MTN Programme to a close.
According to the statement, the move reflects EABL’s prudent approach to capital management, allowing the company to reduce outstanding debt obligations and optimize its balance sheet amid a changing interest-rate environment. Analysts note that the early buy-back demonstrates the brewer’s strong liquidity position and confidence in its cash-flow generation, supported by its diversified product portfolio and stable market performance across East Africa.
Introduced in October 2021, EABL’s Medium Term Note Programme was designed to raise up to KES 11.0 billion to support capital investments, refinance existing debt, and fund strategic initiatives. The issuance was well received by investors, underscoring market confidence in the company’s brand strength and corporate governance.
In recent years, EABL has maintained a focus on financial discipline while pursuing sustainable growth through innovation and regional expansion. The early redemption aligns with the firm’s broader strategy to strengthen its credit standing and enhance shareholder value.
The company’s Company Secretary, Angela Pearl Namwakira, signed off on the notice, which was issued with the approval of the Capital Markets Authority (CMA) under the Capital Markets (Public Offers, Listings and Disclosures) Regulations 2023.
As EABL concludes its 2021 MTN Programme, investors view the early redemption as a signal of resilience and financial health, an affirmation that the brewer remains committed to long-term value creation, stability, and transparency in its capital markets engagements.
