Sunbeth Global Concepts Limited has successfully completed three issuances under its Commercial Paper Programme, raising a total of ₦165.73 billion from investors—significantly exceeding the ₦100 billion initially targeted.
The fundraising exercise, which opened on February 27, 2026, and closed on March 6, 2026, was structured across three separate series with tenors of 179 days, 270 days and 364 days. The structure provided investors with a range of short-term investment options aligned to different risk and liquidity preferences.
According to the company, the notes were issued at discount rates ranging between approximately 19.0% and 19.3%, translating into implied yields of about 21.0% to 23.5%. The pricing reflected prevailing market conditions and attracted strong participation from qualified investors.
Sunbeth said the proceeds from the issuance will primarily support the working capital requirements of its cocoa trading operations in Nigeria. The funding is expected to enhance the company’s capacity to source cocoa beans from local producers, finance procurement and logistics, and expand export volumes to international markets.
Commenting on the outcome, Chief Operating Officer Nzubechukwu Anisiobi described the strong investor response as a vote of confidence in the company’s strategy and governance framework.
“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,” Anisiobi said.
He added that the funding would enable the company to scale its trading operations and deepen its contribution to Africa’s agricultural export sector.
Chief Financial Officer Adeyemi Aduwo noted that the transaction reflects growing investor interest in Nigeria’s agricultural export value chain, particularly cocoa, which remains one of West Africa’s most important commodities.
“The cocoa market is undergoing 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,” Aduwo said.
Beyond commodity trading, Sunbeth said its long-term strategy is to expand further across the cocoa value chain, including processing and other higher-value activities that could generate more stable margins while strengthening Africa’s role in the global cocoa market.
The commercial paper notes are expected to be quoted on either the FMDQ Securities Exchange or the Nigerian Exchange Group, a move aimed at enhancing transparency and providing liquidity for investors participating in the programme.
Sunbeth operates across key commodity origin markets including Nigeria, Cameroon and Ghana, positioning itself as a growing player in the regional agricultural commodities trade.