Sunbeth global concepts announces ₦150 billion commercial paper issuance to support 2026/27 cocoa season procurement

Sunbeth Global Concepts Limited is set to raise up to ₦150 billion through its approved Commercial Paper Issuance Programme to finance cocoa procurement for the upcoming 2026/27 cocoa season. The funds will be used to cover short-term working capital needs for cocoa purchases at the source, enabling the company to meet its international trading obligations and ensure a steady supply of cocoa inventory for its 70,000-metric-tonne-per-annum processing facility, slated to begin operations in March 2027.

With the new cocoa season already underway, the issuance aims to facilitate timely acquisitions and maintain a sufficient inventory for export and processing. Sunbeth has obtained approval for its ₦500 billion Commercial Paper Issuance Programme, which serves as a platform for accessing domestic debt capital markets to bolster its working capital.

The company has showcased its commitment to repayment discipline by successfully redeeming its initial Commercial Paper series. The proposed issuance will consist of three series with different maturities of 180, 270, and 364 days. The Commercial Paper will be issued in installments, with each tranche's timing and size tailored to cocoa procurement demands and market conditions.

Sunbeth holds strong national credit ratings from reputable African rating agencies, ranging from BBB to BBB+ for long-term ratings and A2 for short-term, while Chapel Hill Denham Advisory Limited is serving as the Lead Arranger for the transaction. Additional details regarding each Commercial Paper series will be disclosed in due time.