Sunbeth Global Concepts secures approval to launch N200bn commercial paper programme
Sunbeth Global Concepts
Nike Popoola
One of Nigeria’s largest cocoa exporters and a top five non-oil export contributor, Sunbeth Global Concepts Limited, has secured approval to establish a ₦200 billion Commercial Paper Programme and has launched up to ₦100 billion in Series 1, 2 and 3 Commercial Paper issuances under the Programme.
Structured across 180-day, 270-day and 364-day tenors, the Offer is designed to finance contractual working capital requirements, including inventory procurement and the execution of physical and hedged offtake obligations within Sunbeth’s export operations. The Offer opened on Friday, 27 February 2026 and is set to close on Thursday, 5 March 2026, with allotment and settlement scheduled for Friday, 6 March 2026. The Offer is available at a minimum subscription of ₦5,000,000 and in multiples of ₦1,000 thereafter and the Commercial Papers will be quoted on FMDQ and/or NGX.
Established in 2017, Sunbeth has exported over 200,000 metric tonnes of cocoa beans and 60,000 metric tonnes of cashew nuts to international markets. In 2025, the Company recorded over ₦600 billion in revenue, reinforcing its scale within Nigeria’s agricultural export ecosystem.
The Company works directly with more than 30,000 farmers and collaborates with over 250 local buying agents across Nigeria. Its global strategic partners include Cargill, GCB Group, JB Cocoa, Touton, Macquarie and StoneX, enabling diversified offtake and multi-destination market access across Europe, Asia and the United States.
Nzubechukwu Anisiobi, Chief Operating Officer of Sunbeth Global Concepts Limited, said the Programme reflects the Company’s disciplined capital strategy and strong credit fundamentals. Speaking on the issuance, he noted: “The establishment of our ₦200 billion Commercial Paper Programme reflects our disciplined capital strategy and solid credit profile. In a working capital-intensive export business, access to structured short-term funding strengthens liquidity, supports efficient contract execution and preserves balance sheet stability.”
Further emphasising investor confidence in the Company’s governance and risk framework, he added: “The Programme underscores the confidence the capital markets have in our governance standards, earnings resilience and robust risk management discipline.”
Sunbeth is rated A2 by DataPro and GCR (Short Term) and A by DataPro, and BBB+ by GCR (Long Term). The ratings reflect the Company’s leading market position as one of the major cocoa exporters in Nigeria, strong revenue profile, sound earnings trajectory, strong ability to meet its obligation, and experienced management team.
Its integrated operating model spans sourcing, warehousing, logistics, structured hedging and export execution. The Company maintains diversified offtake agreements and price-risk management frameworks designed to reduce earnings volatility and protect downside exposure.
With global cocoa demand strengthening and Nigeria’s export profile expanding, the Programme positions Sunbeth to consolidate its leadership within the agricultural commodities sector.
