Sunbeth Global Concepts Redeems N25.1bn Commercial Paper

Sunbeth Global Concepts Limited, an agro-commodities sourcing and trading company, successfully redeemed its N25.1 billion Series 1 Commercial Paper (CP) on the maturity date of September 4, 2026, under its N200 billion Commercial Paper Programme. The firm stated that this redemption reinforces its liquidity position and demonstrates its commitment to meeting investor obligations.

The N200 billion CP Programme received regulatory approval in March 2026, with total subscriptions reaching N165.73 billion against an initial target of N100 billion. The firm accepted N150.4 billion across three series, reflecting strong investor interest.

CEO Olasunkanmi Owoyemi emphasized that fulfilling the Series 1 obligation on schedule showcases the strength of the company's business fundamentals and financial management. CFO Adeyemi Aduwo noted that the successful redemption illustrates the company's disciplined approach to capital and liquidity management.

Sunbeth Global Concepts has exported over 200,000 metric tonnes of cocoa beans and 60,000 metric tonnes of cashew nuts, working with over 30,000 farmers and 250 local buying agents.