Firm Redeems N25.1bn CP, Boosts Investor Confidence
Sunbeth Global Concepts Limited, an agro-commodities sourcing and trading company, has redeemed its N25.1 billion Series 1 Commercial Paper (CP), reinforcing its liquidity position and commitment to meeting obligations to
Sunbeth Global Concepts Limited successfully redeemed its N25.1 billion Series 1 Commercial Paper on its maturity date of September 4, 2026. The company, a leading Nigerian cocoa exporter, completed the redemption under its N200 billion Commercial Paper Programme. This move demonstrates Sunbeth's financial discipline and ability to manage liquidity, supporting its expansion in agricultural exports.
The company secured regulatory approval for the N200 billion CP Programme in March 2026, attracting a total of N165.73 billion across Series 1, 2, and 3 papers. Sunbeth's CEO, Olasunkanmi Owoyemi, and CFO, Adeyemi Aduwo, highlighted the strength of the company's business fundamentals and prudent financial management. With over 200,000 metric tonnes of cocoa beans and 60,000 metric tonnes of cashew nuts exported in the past decade, Sunbeth holds investment-grade ratings from several agencies.
The Commercial Paper Programme follows disclosure and reporting requirements set by the FMDQ Securities Exchange, ensuring regular updates for investors. The company aims to further strengthen its procurement capacity, expand international partnerships, and explore higher-value segments of the agricultural value chain in Nigeria and sub-Saharan Africa.
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