Sunbeth Global Concepts redeems ₦25.1bn CP, demonstrating strong liquidity, investor confidence

Sunbeth Global Concepts Limited, a prominent agro-commodities sourcing and trading firm, has successfully redeemed its ₦25.1 billion Series 1 Commercial Paper (CP) as per the terms of its ₦200 billion Commercial Paper Programme. The redemption occurred on the due date of 4 September 2026, highlighting the company’s financial prudence, robust liquidity, and dedication to fulfilling its financial obligations.

The Nigerian cocoa exporter and a key contributor to non-oil exports secured regulatory approval in March 2026 to initiate a ₦200 billion Commercial Paper Programme to fuel the expansion of its agricultural export initiatives. The Company concluded its Series 1, Series 2, and Series 3 issuances in March 2026, garnering a total of ₦165.73 billion in subscriptions, surpassing its initial target of ₦100 billion.

Sunbeth accepted ₦150.4 billion across the three series, indicating a high demand from investors. CEO Olasunkanmi Owoyemi emphasized the strength of the business fundamentals, prudent financial management, and investor confidence. CFO Adeyemi Aduwo highlighted the disciplined approach to capital and liquidity management, focusing on efficient capital deployment and strong financial controls to ensure growth.

Established in 2017, Sunbeth has become a major player in Nigeria’s agricultural export sector, exporting over 200,000 metric tonnes of cocoa beans and 60,000 metric tonnes of cashew nuts. The Company collaborates with more than 30,000 farmers and over 250 local buying agents, and has strategic partnerships with global commodity and financial institutions.

Its Commercial Paper Programme complies with FMDQ Securities Exchange disclosure and reporting requirements, providing market transparency into the Company’s financial health. Sunbeth continues to enhance its procurement capacity, forge stronger international ties, and broaden its involvement in Nigeria’s agricultural value chain and across sub-Saharan Africa.