EABL announces early payout for Ksh11B medium-term notes
By Faith Lagat, October 13, 2025East African Breweries PLC (EABL) has confirmed the early redemption of its Kenya Shillings Eleven Billion Ksh11 billion Medium Term Notes issued under the 2021 Medium Term Note Programme (MTN Programme).
The announcement, shared on the Nairobi Securities Exchange’s (NSE) official X account on October 13, 2025, details the company’s decision to exercise its right to redeem the notes ahead of schedule.
According to the notice, “EABL hereby gives notice to all the holders of the outstanding Kenya Shillings eleven billion [KES 11,000,000,000] Medium Term Notes [the Notes] issued pursuant to its MTN Programme of the intention to exercise EABL’s right of early redemption in respect of the outstanding Notes in accordance with Condition 6(b) [Early Redemption] of the Terms and Conditions of the Notes, as contained in the Information Memorandum dated 5 October 2021.”
The notice further noted that the Early Redemption Date has been set for October 29, 2025.”The early redemption will be effected on 29 October 2025 [the Early Redemption Date].”
Redemption terms and record date
The notice specifies that the total outstanding principal amount of the notes is Ksh11 billion. On the Early Redemption Date, the notes will be redeemed at an amount equal to the principal, in addition to “the accrued and unpaid interest thereon up to and including the Early Redemption Date [the Early Redemption Amount].”
Payments will be made to noteholders registered with the Central Depositories and Settlement Corporation as of October 14, 2025, designated as the Record Date.
The announcement clarifies that following the redemption, the notes will be delisted from the Fixed Income Securities Market Segment of the NSE, marking the formal conclusion of the MTN Programme.
Regulatory compliance and strategic decision
The notice, signed by Angela Pearl Namwira, EABL’s Company Secretary, highlights that the announcement was issued with the approval of the Capital Markets Authority, in line with the Capital Markets (Securities, Listing and Disclosures) Regulations, 2002, as amended. It includes a disclaimer noting, “As a matter of policy, the Capital Markets Authority assumes no responsibility for the correctness of the statements appearing in this announcement.”