We have secured regulatory approval to establish a ₦200 billion Commercial Paper Programme and have launched up to ₦100 billion in Series 1, 2 and 3 Commercial Paper issuances under the Programme.
Structured across 180-day, 270-day and 364-day tenors, the Offer is designed to finance our contractual working capital requirements; including inventory procurement and the execution of physical and hedged offtake obligations within our export operations. The Offer opened on Friday, 27 February 2026 and closes on Thursday, 5 March 2026, with allotment and settlement scheduled for Friday, 6 March 2026. The minimum subscription is ₦5,000,000 and in multiples of ₦1,000 thereafter, and the Commercial Papers will be quoted on FMDQ and/or NGX.
Since our founding in 2017, we have exported over 200,000 metric tonnes of cocoa beans and 60,000 metric tonnes of cashew nuts to international markets, and in 2025 we recorded over ₦600 billion in revenue, cementing our position as one of Nigeria's largest cocoa exporters and a top five non-oil export contributor.
We work directly with more than 30,000 farmers and over 250 local buying agents across Nigeria, and our global strategic partners, including Cargill, GCB Group, JB Cocoa, Touton, Macquarie and StoneX, give us diversified offtake and multi-destination market access across Europe, Asia and the United States.
During our stakeholders roundtable with our issuing houses, our Chief Operating Officer, Nzubechukwu Anisiobi, spoke to what this Programme means for us:
"The establishment of our ₦200 billion Commercial Paper Programme reflects our disciplined capital strategy and solid credit profile. In a working capital-intensive export business, access to structured short-term funding strengthens liquidity, supports efficient contract execution and preserves balance sheet stability. The Programme also underscores the confidence the capital markets have in our governance standards, earnings resilience and robust risk management discipline."
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This is a compelling opportunity to invest in one of Nigeria's most credentialed and fastest-growing agro-commodity businesses; one backed by investment-grade credit ratings, a proven export track record, and a management team with the discipline and experience to deliver. Whether you are an institutional investor, a high-net-worth individual, or a treasury manager seeking a structured, short-term instrument with strong fundamentals, we invite you to be part of this issuance.
To invest or learn more, please reach out to our Corporate Finance team directly. We are ready to walk you through the details and support your subscription process every step of the way.
Send an email to corporatefinanceteam@sunbeth.net or call us: 08147121004
