Sunbeth redeems ₦25.1bn CP, demonstrates strong 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 Paper Programme. The redemption was completed on the notes’ maturity date of September 4, 2026, demonstrating the company’s commitment to meeting its financial obligations to […]
Sunbeth Global Concepts Limited has redeemed its ₦25.1 billion Series 1 Commercial Paper, showcasing strong liquidity and investor confidence. The redemption was completed on the notes' maturity date of September 4, 2026, as the company met its financial obligations to investors. Sunbeth, a leading cocoa exporter in Nigeria, secured regulatory approval in March 2026 to launch a ₦200 billion Commercial Paper Programme to support agricultural export operations.
The company successfully completed its Series 1, Series 2, and Series 3 issuances in March 2026, attracting a total subscription of ₦165.73 billion against an initial target of ₦100 billion. CEO Olasunkanmi Owoyemi emphasized the company's commitment to financial management and business fundamentals, while CFO Adeyemi Aduwo highlighted the redemption's reflection of Sunbeth's capital and liquidity management approach.
With a focus on expanding its agricultural value chain and strengthening procurement capacity, Sunbeth aims to deepen international partnerships and explore higher-value segments in Nigeria and sub-Saharan Africa. The company holds investment-grade ratings from multiple agencies and maintains investment-grade ratings across short- and long-term categories.
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