Sunbeth Global Concepts Ltd. has announced the successful completion of Series 1, Series 2 and Series 3 issuances under its Commercial Paper Programme, raising a total of ₦165.73 billion.
The company announced this in a statement made available to the News Agency of Nigeria (NAN) on Monday in Lagos.
NAN reports that Sunbeth is a global agro-commodities sourcing and trading company committed to empowering farmers and driving socio-economic impact through strategic partnerships, innovation, and industry expertise.
The success of its recent Commercial Paper series is significantly exceeding the ₦100 billion initially targeted across the series.
The statement reads that the issuance, which opened to investors on Feb. 27, 2026, and closed on March 6, 2026, was structured across three series with tenors of 179 days, 270 days and 364 days, providing investors with multiple short-term investment options.
The notes were issued at discount rates ranging from approximately 19.0 per cent to 19.3 per cent, with implied yields between 21.0 per cent and 23.5 per cent, reflecting market-aligned pricing and strong participation from qualified investors.
The issuances received strong participation from qualified investors, reflecting growing market confidence in Sunbeth’s operating model, governance standards, and its expanding role within the agricultural commodities value chain.
The proceeds from the issuances will be deployed primarily to support the working capital requirements of Sunbeth’s cocoa trading business in Nigeria, strengthening the company’s capacity to source, finance, and export cocoa from Nigeria to international markets.
Speaking on the successful close of the issuance and the strong investor participation, Mr Nzubechukwu Anisiobi, the Chief Operating Officer at Sunbeth Global Concepts Ltd., attributed the strong investor response to a clear vote of confidence in its operations.
“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,” Anisiobi said.
Also speaking, the Chief Finance Officer at Sunbeth Global Concepts, Mr Adeyemi Aduwo, noted 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,” he said.
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 maintaining strong financial discipline, transparency, and prudent capital deployment as it continues to expand operations across Nigeria, Cameroon, Ghana, and other key commodity origin markets.
The commercial paper will be quoted on either FMDQ or the Nigerian Exchange, providing transparency and liquidity for participating investors.
