Sunbeth Global Concepts Launches N150b Commercial Paper Note

Sunbeth Global Concepts Limited has signed transaction documents for a N150 billion Commercial Paper note, marking the first series under its approved N500 billion Commercial Paper Issuance Programme. This issuance aims to provide short-term working capital for cocoa procurement during the 2026/2027 cocoa season and support inventory needs for its processing facility, which will operate at 70,000 metric tonnes per annum starting in the first quarter of next year.

Adeyemi Aduwo, Chief Financial Officer of Sunbeth, stated that the funding is crucial for efficient procurement during this critical window. The first tranche of N150 billion was oversubscribed by 45 percent, indicating strong investor interest.

Sunbeth has a history of successful participation in the domestic debt capital market, having previously redeemed its debut Commercial Paper issuance, which was oversubscribed by 65 percent. The new programme allows the company to access short-term funding aligned with its seasonal working capital needs.