NAIROBI, March 13 Kenya's East African Breweries
(EABL) said on Monday it planned to raise up to 6
billion shillings ($58.51 million)using a five-year medium term
EABL, controlled by Britain's Diageo, said the
amount was the remainder of an 11 billion shilling note with a
fixed coupon rate of 12.25 percent that it issued in 2015, when
it raised 5 billion shillings.
The note would be offered only in Kenya and would be on sale
between March 13 and March 24 and will be listed on the Nairobi
Securities Exchange, it said in a statement.
When the note was first issued in 2015, the company said its
proceeds would be used for general use and capital expenditure.
($1 = 102.5500 Kenyan shillings)
(Reporting by George Obulutsa; editing by Clement
Uwiringiyimana; Editing by Sunil Nair)