Sunbeth Global Concepts Limited (Sunbeth) has signed the transaction paperwork for its N150 billion Commercial Paper word, the primary collection below its authorized N500 billion Commercial Paper Issuance Programme.
The transaction will present short-term working capital for Sunbeth’s cocoa procurement actions throughout the 2026/2027 cocoa season.
It will even help stock necessities for the corporate’s 70,000-metric-tonne-per-annum processing facility, which is scheduled to start operations within the first quarter of subsequent yr.
Speaking on the signing ceremony in Victoria Island, Lagos, Chief Financial Officer of Sunbeth Global Concepts, Adeyemi Aduwo, defined that the transaction would offer well timed funding for the corporate’s procurement actions and broader processing ambitions.
“The 2026/2027 cocoa season presents a critical procurement window, and this transaction gives us the working capital to respond efficiently to that opportunity, supporting our transition towards greater value addition.”
Sunbeth has established a monitor document within the home debt capital market following the profitable redemption of its debut Commercial Paper issuance, wherein the primary tranche was oversubscribed by 65 per cent.
The new N500 billion programme gives a structured framework for the corporate to entry short-term funding in keeping with its seasonal working capital necessities.
The first tranche of N150 billion noticed eager investor exercise with an oversubscription of 45 per cent, additional demonstrating Nigeria’s capital markets’ potential to supply sustainable financing fashions for productive exercise within the agricultural sector.
Through the issuance, Sunbeth continues to strengthen its built-in agricultural platform, spanning sourcing, aggregation, and worldwide commerce, whereas advancing its plans to extend worth creation inside Africa’s agricultural financial system.
The Commercial Paper issued in three collection, with a minimal bid of N5 million and tenors of 180, 270, and 364 days. The timing and measurement of every tranche will align with cocoa procurement necessities and prevailing market circumstances.
Sunbeth maintains national-scale credit score rankings from established African ranking companies, with long-term rankings starting from BBB to BBB+ and a short-term ranking of A2.
