Lagos, Nigeria – Sunbeth Global Concepts Limited has announced the successful completion of its Series 1, Series 2, and Series 3 Commercial Paper issuances, raising a substantial ₦165.73 billion. This figure significantly surpasses the initial target of ₦100 billion set across the series, demonstrating a strong investor appetite. The offer, which ran from February 27, 2026, to March 6, 2026, provided investors with a range of short-term investment options across tenors of 179 days, 270 days, and 364 days.
Key Highlights
Sunbeth Global Concepts raised a total of ₦165.73 billion from its commercial paper program.
The offer was oversubscribed by 65%, indicating strong investor confidence.
Issued notes had discount rates ranging from approximately 19.0% to 19.3%, with implied yields between 21.0% and 23.5%.
Proceeds will primarily fund the working capital needs of Sunbeth’s cocoa trading operations.
The issuances reflect growing investor interest in Nigeria’s agricultural export value chain.
The commercial paper notes were issued at discount rates spanning from approximately 19.0% to 19.3%, translating to implied yields that ranged between 21.0% and 23.5%. These rates were reportedly market-aligned and attracted robust participation from qualified investors.
The strong investor response is attributed to growing market confidence in Sunbeth’s operating model, its governance standards, and its expanding role within the agricultural commodities value chain. The funds raised are earmarked primarily to bolster the working capital requirements of Sunbeth’s cocoa trading business in Nigeria. This strategic deployment aims to enhance the company’s capacity for sourcing, financing, and exporting cocoa from Nigeria to international markets.
Nzubechukwu Anisiobi, Chief Operating Officer at Sunbeth Global Concepts Limited, expressed gratitude for the investor turnout, calling it a “clear vote of confidence in Sunbeth’s business model and long-term strategy.” He further stated, “This milestone further strengthens our capacity to scale our trading operations and deepen our contribution to Africa’s agricultural export sector.”
Adeyemi Aduwo, Chief Finance Officer at Sunbeth Global Concepts, highlighted that the issuance outcome underscores the increasing investor interest in Nigeria’s agricultural export value chain. “The cocoa market is going through 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 remarked. He added that the issuance enhances their liquidity flexibility, enabling better alignment of funding with trading cycles, volatility management through structured risk management, and continued expansion across the cocoa value chain.
Looking ahead, Sunbeth Global Concepts intends to deepen its participation across the value chain, including processing and other higher-value segments. The company aims to achieve more stable margins and strengthen Africa’s position in the global cocoa market. Sunbeth remains committed to maintaining strong financial discipline, transparency, and prudent capital deployment as it expands its operations across Nigeria, Cameroon, Ghana, and other key commodity origin markets.
The Commercial Paper is expected to be quoted on either FMDQ or the Nigerian Exchange (NGX), which will provide transparency and liquidity for participating investors. Sunbeth Global Concepts, established in 2017, is a global agro-commodities sourcing and trading company with operations across West and Central Africa and international trading offices. The company has built a strong presence in the cocoa and cashew industries and continues to expand its influence across the agricultural value chain.
