Sunbeth Redeems ₦25.1bn CP, Demonstrates Strong Liquidity, Investor Confidence
Sunbeth Global Concepts Limited, an agro-commodities sourcing and trading company, has announced the successful redemption of its ₦25.1 billion Series 1 Commercial Paper (CP) issued under its ₦200 billion Commercial
Sunbeth Global Concepts Limited successfully redeemed its ₦25.1 billion Series 1 Commercial Paper on its maturity date of September 4, 2026, showcasing strong investor confidence and effective liquidity management. The redemption occurred as planned, underscoring the company's commitment to fulfilling its financial obligations. Sunbeth, a leading Nigerian cocoa exporter, secured regulatory approval in March 2026 to launch the ₦200 billion Commercial Paper Programme, which has since attracted total subscriptions of ₦165.73 billion across three series.
CEO Olasunkanmi Owoyemi highlighted the redemption as a testament to the company's disciplined financial management and business fundamentals. CFO Adeyemi Aduwo emphasized Sunbeth's focus on efficient capital deployment and maintaining a robust funding structure. Established in 2017, Sunbeth has exported over 200,000 metric tonnes of cocoa and 60,000 metric tonnes of cashew nuts, collaborating with more than 30,000 farmers and 250 local buying agents.
The company maintains investment-grade ratings across short- and long-term categories from leading rating agencies.
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