Sunbeth Global Concepts Announces N150bn Commercial Paper Issuance
Sunbeth Global Concepts Limited has announced plans to raise up to N150 billion under its approved N500 billion Commercial Paper Issuance Programme to finance cocoa procurement for the new 2026/27
Sunbeth Global Concepts Limited has announced its plans to raise up to N150 billion through its approved N500 billion Commercial Paper Issuance Programme. The funds will be utilized to finance cocoa procurement for the upcoming 2026/27 cocoa season, covering short-term working capital requirements for cocoa purchases at origin. This issuance will support the company's international trading commitments and the procurement of cocoa inventory for its 70,000-metric-tonne-per-annum processing facility, set to commence operations in March 2027.
The proposed issuance will consist of three series with tenors of 180, 270, and 364 days, with tranches issued in alignment with cocoa procurement requirements and market conditions. Chapel Hill Denham Advisory Limited is the Lead Arranger for the transaction.
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