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Sunbeth Global Concepts Limited has received approval to establish a ₦200 billion Commercial Paper Programme and has launched up to ₦100 billion across Series 1, 2, and 3 issuances under the programme.
The commercial paper issuance is structured across 180-day, 270-day, and 364-day tenors and is designed to support the company’s contractual working capital needs. This includes financing inventory procurement and executing both physical and hedged offtake commitments within Sunbeth’s export operations.
The offer opened on Friday, February 27, 2026, and is scheduled to close on Thursday, March 5, 2026, with allotment and settlement expected on Friday, March 6, 2026.
Investors can participate with a minimum subscription of ₦5 million and in multiples of ₦1,000 thereafter. The commercial papers will be quoted on FMDQ Securities Exchange and/or Nigerian Exchange Group platforms.
Founded in 2017, Sunbeth has emerged as a significant player in Nigeria’s agricultural export sector, exporting more than 200,000 metric tonnes of cocoa beans and 60,000 metric tonnes of cashew nuts to global markets. In 2025, the company reported revenues exceeding ₦600 billion, reinforcing its scale and growing influence in the agricultural commodities value chain.
The company maintains direct relationships with over 30,000 farmers and works with more than 250 local buying agents across Nigeria. Its international partners include Cargill, GCB Group, JB Cocoa, Touton, Macquarie Group, and StoneX Group, enabling diversified offtake arrangements and access to key markets across Europe, Asia, and the United States.
Chief Operating Officer of Sunbeth Global Concepts Limited, Nzubechukwu Anisiobi, said the commercial paper programme reflects the company’s disciplined capital management strategy and solid credit profile.
He noted that in a working-capital-intensive export business, access to structured short-term funding enhances liquidity, supports efficient contract execution, and strengthens balance sheet stability.
Anisiobi further stated that the programme demonstrates the confidence capital markets place in the company’s governance framework, earnings resilience, and risk management practices.
Sunbeth currently holds an A2 short-term rating from DataPro Limited and GCR Ratings, alongside an A long-term rating from DataPro and a BBB+ long-term rating from GCR. These ratings reflect the company’s strong revenue performance, stable earnings outlook, and ability to meet its financial obligations.
The company operates an integrated export model covering sourcing, warehousing, logistics, structured hedging, and international export execution. Its diversified offtake agreements and price risk management mechanisms are designed to mitigate earnings volatility and protect against market downturns.
With global demand for cocoa continuing to strengthen and Nigeria’s agricultural exports gaining momentum, the commercial paper programme is expected to support Sunbeth’s expansion and reinforce its position within the agricultural commodities export market.
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