Sunbeth Global Concepts is pleased to announce the successful completion of Series 1, Series 2 and Series 3 issuances under its Commercial Paper Programme, having raised a total of ₦165.73 billion, significantly exceeding the ₦100 billion initially targeted across the series.
The issuance opened to investors on February 27, 2026, and closed on March 6, 2026. It was structured across three series with tenors of 179 days, 270 days, and 364 days, giving investors a range of short-term investment options to choose from.
The notes were issued at discount rates ranging from approximately 19.0% to 19.3%, with implied yields between 21.0% and 23.5% — reflecting market-aligned pricing and strong participation from qualified investors. The level of oversubscription further underscores growing market confidence in Sunbeth Global Concepts' operating model, governance standards, and expanding role within the agricultural commodities value chain.
Of the ₦165.7 billion offered, Sunbeth Global Concepts accepted ₦150.4 billion — sized specifically around its working capital requirements. The proceeds will be deployed primarily to support its cocoa trading business in Nigeria, strengthening the company's capacity to source, finance, and export cocoa to international markets.
Commenting on the outcome, Sunbeth Global Concepts' Chief Operating Officer, Nzubechukwu Anisiobi, said:
“The strong investor response to our Series 1, 2 and 3 Commercial Paper issuances is a clear vote of confidence in Sunbeth’s business model and long-term strategy. We are deeply grateful to our investors and financial partners for their trust and support. This milestone further strengthens our capacity to scale our trading operations and deepen our contribution to Africa’s agricultural export sector”
Chief Financial Officer, Adeyemi Aduwo, added that the outcome reflects increasing investor interest in Nigeria's agricultural export value chain:
“The cocoa market is going through an important transition across West Africa, and companies that combine strong trading capabilities with disciplined capital management will be best positioned to capture the opportunity. This issuance strengthens our liquidity flexibility, allowing us to align funding with trading cycles, manage volatility through structured risk management and continue expanding across the cocoa value chain,”
Beyond trading, Sunbeth Global Concepts' long-term strategy is to deepen participation across the value chain — including processing and other higher-value segments — that can deliver more stable margins while strengthening Africa's position in the global cocoa market. The company remains committed to strong financial discipline, transparency, and prudent capital deployment as it continues expanding its operations across Nigeria, Cameroon, Ghana, and other key origin markets. Investors, buyers, or partners who see the same opportunity in Africa's cocoa sector are encouraged to reach out.
The Commercial Paper will be quoted on either FMDQ or the Nigerian Exchange (NGX), providing transparency and liquidity for participating investors.
