My people! E don happen oh! Champion Breweries Plc don finally redeem their N4.21 billion Series 1 Commercial Paper wey dem issue. Dis one no be small thing o, as dem don manage am well and e show say them sabi how to handle money matter.
As dem dey yarn, dis paper wey dem redeem na part of their N15 billion Commercial Paper Issuance Programme. Na wetin dem use as short-term finance wey help boost their liquidity. I no wan lie, e sweet to hear say investor confidence dey strong, cos dem wey rush join to buy dis paper oversubscribed by 50 percent. Na wah! Dis one mean say pipo believe say Champion go fit give dem applicable returns.
According to di big men for di company, e get 176 days tenor and dem issue am at better discount rate of 21.1081 percent. Dis kind management style no be beans o! Na serious discipline and money sense na dem dey show. Na wetin dem call proper treasury practices, bredda!
The Managing Director, Dr. Inalegwu Adoga, come talk say dis successful redemption no be just wey dem talk anyhow. Na clear sign say dem dey take financial discipline serious and pipo go fit trust dem better. According to am: “This redemption na testimony to di trust our investors get for us.” My people, trust for money matter na serious matter!
Dem dey very focused on making sure say everybody wey dey invest for dem dey enjoy value as dem dey grow. E clear say dem sabi how to manage wetin dey come in and dey go out. Di Commercial Paper Programme na serious strategy for am, as e dey simple and flexible to waka around money matter for market.
As Champion Breweries dey plan bigger things for their future, dem no dey slack. Dem dey make sure say dem manage financial and operational matta well, and e no go be surprise say dem go dey continue dey shine for this market wey dey tough like combat zone.
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