EABL Unveils 5-Year Bond; How to Invest With as Low as Ksh10K

East African Breweries PLC (EABL) has offered a 5-year bond as it seeks Ksh20 billion to fund refinancing of existing debt, and to support its business growth and sustainability initiatives.

In the first issue (the current issue), the company is seeking to raise Ksh11 billion.

The minimum investment amount an individual can place is Ksh10,000.

Key Dates

Opening Date: October  27, 2025

Closing Date: November  10, 2025

Allotment Date: November 12, 2025

Notification Date (via email/ telephone): November 13, 2025

Payment Date: November 18, 2025

CDS Account upload Date: November 20, 2025

How to Place a Bid

Investors can participate in the bond through the Web Application portal -eablmtn.e-offer.app - or send physical forms to a Placing Agent (Absa Securities / Absa Bank Kenya).

In case of oversubscription, investors whose bids are not accepted will be refunded in accordance with the refund policy outlined in the offer documents.

Application Process

Read the terms and conditions of the offer.

Ensure you have a Valid Central Depository and Settlement Corporation (CDSC) account. If not, consult your broker/agent to open

Once you have the CDSC, click on Accept Offer. If you had made an application before, you can enter the details requested to add another application, or click New Application for a fresh application.

Once you have submitted the form with application details, you can make a deposit, then upload proof of payment documents (EFT or Bank Transfers).

This will be verified by the Data Processing Agent. Look out for updates on the status of your acceptance, which will be sent to your registered email address or through text message to the mobile number you indicated in the electronic application.

“Alternatively, you can download the form from the EABL page or visit the offices of the Authorized Accepting Agents or Image Registrars - all of whom will be able to provide a physical copy of the Form.

“Complete the Form following the instructions therein and submit the completed Form together with the required supporting documents to any of the Authorized Accepting Agents,” the company guided.

Interest Rates and Payments 

The interest rate for investments is 11.8 per cent per annum.

Payments for both the interests and the principal amount will be made by Image Registrars Limited (the Paying Agent) via RTGS or EFT, Mobile Money, Pesalink, or Internal Transfer. Interest is payable semi-annually.

If you invest Ksh50,000 in the bond. At the end of the 5 years, the total projected interest is Ksh29,500.

Taxation of Returns

As detailed by the company, the returns will have a withholding tax imposed at a rate of 15%.

How to Pay for an Accepted Bid

Accepted bids can be paid through bank transfers and mobile money transfers.

"Accepted payment methods include bank transfers (EFT or RTGS) to ABSA BANK KENYA PLC the Receiving Bank account (Name: EAST AFRICAN BREWRIES PLC, Account No:2055033881, Branch Code: 03077, Branch Name: Absa Towers Branch).

"Swift Code: BARCKENX and mobile money transfers (M-Pesa, Paybill number 303030, and account number is ULB4#, and your Application Serial Number - for example ULB4#12345," EABL advised.

Risk Implication for Investors 

The risks for investors include;

• Economic and political risks, such as protests as such incidents can affect the economy and operation of businesses.
• Industry competition and operational risks.
• Market and interest rate risks affecting bond values.