Sunbeth Global Concepts Limited (Sunbeth) has signed the transaction paperwork for its N150 billion Commercial Paper notice, the primary collection beneath its authorised N500 billion Commercial Paper Issuance Programme.
The transaction will present short-term working capital for Sunbeth’s cocoa procurement actions through the 2026/2027 cocoa season.
It may even assist 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 report within the home debt capital market following the profitable redemption of its debut Commercial Paper issuance, by which the primary tranche was oversubscribed by 65 per cent.
The new N500 billion programme offers a structured framework for the corporate to entry short-term funding according to 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’ capability 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 economic 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 situations.
Sunbeth maintains national-scale credit score scores from established African score companies, with long-term scores starting from BBB to BBB+ and a short-term score of A2.
