Sunbeth redeems ₦25.1 billion in commercial paper, citing liquidity and investor confidence

Sunbeth Global Concepts has redeemed ₦25.1 billion in Series 1 commercial paper on schedule, presenting the payment as a test of its financial discipline and credibility with investors.

The agro-commodities sourcing and trading company issued the notes under a ₦200 billion commercial paper programme that received regulatory approval in March 2026. Sunbeth completed three series that month, attracting total subscriptions of ₦165.73 billion against an initial target of ₦100 billion. It accepted ₦150.4 billion across the issues.

Chief Executive Officer Olasunkanmi Owoyemi said the company had met its Series 1 obligation on the notes' September 4 maturity date. “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,” he said.

Chief Financial Officer Adeyemi Aduwo said the redemption reflected Sunbeth's approach to capital and liquidity management. The company said it remains focused on efficient capital deployment, financial controls and a funding structure that can meet obligations as they fall due.

Sunbeth said it has exported more than 200,000 metric tonnes of cocoa beans and 60,000 metric tonnes of cashew nuts in less than 10 years. It works directly with more than 30,000 farmers and over 250 local buying agents in Nigeria, and lists Cargill, GCB Group, JB Cocoa, Touton, Macquarie and StoneX among its international strategic partners. The company said it holds investment-grade ratings from DataPro, GCR, Agusto & Co. and Intelligence Africa, while its commercial paper programme is subject to FMDQ Securities Exchange disclosure and reporting requirements.

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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.