Sunbeth Global Concepts Limited, a leading agro-commodities sourcing and trading company, has announced the successful and timely redemption of its ₦25.1 billion Series 1 Commercial Paper (CP) issued under its ₦200 billion Commercial Paper Programme. The redemption, completed on the notes’ maturity date of 4 September 2026, underscores the Company’s financial discipline, liquidity position and commitment to meeting its obligations to investors.
Sunbeth, one of Nigeria’s leading cocoa exporters and a significant contributor to the country’s non-oil export sector, secured regulatory approval in March 2026 to establish a ₦200 billion Commercial Paper Programme to support the continued growth of its agricultural export operations. Under the programme, the Company completed its Series 1, Series 2 and Series 3 issuances in March 2026, attracting total subscriptions of ₦165.73 billion against an initial target of ₦100 billion.
Of this amount, Sunbeth accepted ₦150.4 billion across the three series, reflecting strong investor demand for the issuance Commenting on the redemption, Olasunkanmi Owoyemi, Chief Executive Officer, Sunbeth Global Concepts Limited, said: “Meeting our Series 1 obligation in full and on schedule reflects the strength of our business fundamentals, prudent financial management and the confidence investors have placed in Sunbeth. “Credibility is earned through consistent performance, transparency and honouring our commitments.
As we continue to scale our participation across the agricultural value chain, maintaining that discipline remains central to how we grow.” “The successful redemption of the Series 1 notes reflects the disciplined approach we take to capital and liquidity management.
Our focus remains on deploying capital efficiently, maintaining strong financial controls and ensuring that our growth is supported by a funding structure that enables us to meet our obligations as they fall due.” In under ten years of operations, Sunbeth has grown into a significant player in Nigeria’s agricultural export ecosystem. The Company has exported