Sunbeth Secures Approval to Launch N200bn Commercial Paper Programme

Oriarehu Bonny

One of Nigeria’s largest cocoa exporters and a top five non-oil export contributor, Sunbeth Global Concepts Limited, has secured approval to establish a N200 billion Commercial Paper Programme and has launched up to N100 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 contractual working capital requirements, including inventory procurement and the execution of physical and hedged offtake obligations within Sunbeth’s export operations.

The Offer opened on Friday, 27 February 2026 and is set to close Today with allotment and settlement scheduled for Friday, 6 March 2026. The Offer is available at a minimum subscription of N5,000,000 and in multiples of N1,000 thereafter and the Commercial Papers will be quoted on FMDQ and/or NGX.

Established in 2017, Sunbeth has exported over 200,000 metric tonnes of cocoa beans and 60,000 metric tonnes of cashew nuts to international markets. In 2025, the Company recorded over N600 billion in revenue, reinforcing its scale within Nigeria’s agricultural export ecosystem.

Chief Operating Officer of Sunbeth Global Concepts Limited, Nzubechukwu Anisiobi, said the Programme reflects the Company’s disciplined capital strategy and strong credit fundamentals. Speaking on the issuance, he noted: “The establishment of our N200 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.”

Further emphasising investor confidence in the Company’s governance and risk framework, he added: “The Programme underscores the confidence the capital markets have in our governance standards, earnings resilience and robust risk management discipline.”

Sunbeth is rated A2 by DataPro and GCR (Short Term) and A by DataPro, and BBB+ by GCR (Long Term). The ratings reflect the Company’s leading market position as one of the major cocoa exporters in Nigeria, strong revenue profile, sound earnings trajectory, strong ability to meet its obligation, and experienced management team.