Sunbeth Global Concepts Limited, an agro-commodities sourcing and trading company, has redeemed its N25.1 billion Series 1 Commercial Paper (CP), reinforcing its liquidity position and commitment to meeting obligations to investors.
The company completed the redemption on the notes’ maturity date of September 4, 2026, under its N200 billion Commercial Paper Programme.
The development, according to Sunbeth, demonstrates its financial discipline and ability to manage liquidity while supporting the continued expansion of its agricultural export operations.
Sunbeth, one of Nigeria’s leading cocoa exporters, secured regulatory approval in March 2026 for the N200 billion CP Programme.
Under the programme, the company issued Series 1, Series 2 and Series 3 papers in March, attracting total subscriptions of N165.73 billion against an initial target of N100 billion.
