Sunbeth Unveils ₦200 Billion Commercial Paper Programme to Supercharge Cocoa Exports
One of Nigeria’s leading cocoa exporters, Sunbeth Global Concepts Limited, has secured approval to establish a massive ₦200 billion Commercial Paper (CP) Programme aimed at strengthening Nigeria’s cocoa export value chain.
Already, the company has rolled out up to ₦100 billion across Series 1, 2, and 3 issuances under the programme.
What Is This CP Programme About?
A Commercial Paper (CP) is a short-term debt instrument companies use to raise funds for operational needs.
For Sunbeth, the funds will support:
• Inventory procurement (buying cocoa in bulk)
• Execution of export contracts
• Hedged offtake obligations (price-risk management)
• Working capital for export operations
This is crucial in a working capital–intensive business like agricultural exports, where timing and liquidity are everything.
Offer Details
• Programme Size: ₦200 billion
• Launched So Far: Up to ₦100 billion (Series 1–3)
•
Tenors: 180 days, 270 days, 364 days
• Offer Opened: February 27, 2026
• Closes: March 5, 2026
•
Allotment & Settlement: March 6, 2026
• Minimum Subscription: ₦5,000,000 (in multiples of ₦1,000)
• Quotation: To be listed on FMDQ and/or NGX
This structure allows flexibility while keeping repayment within one year.
Scale & Market Position
Founded in 2017, Sunbeth has grown rapidly:
• 200,000+ metric tonnes of cocoa beans exported
• 60,000+ metric tonnes of cashew nuts exported
• ₦600+ billion revenue recorded in 2025
• Works with 30,000+ farmers
• Collaborates with 250+ local buying agents
The company has also built strong global partnerships with firms such as:
• Cargill
• Macquarie Group
• StoneX Group
These partnerships give Sunbeth access to diversified international markets across Europe, Asia, and the United States.
Strong Credit Ratings
Sunbeth holds:
• A2 (Short-Term) – DataPro & GCR
• A (Long-Term) – DataPro
• BBB+ (Long-Term) – GCR
These ratings reflect:
✔ Strong revenue profile
✔ Solid earnings trajectory
✔ Robust risk management
✔ Experienced leadership
✔ Strong ability to meet obligations
What Management Is Saying
According to the company’s COO, Nzubechukwu Anisiobi:
The CP programme reflects disciplined capital strategy and strengthens liquidity in a working capital-heavy export business.
In simple terms:
More structured funding =
Better contract execution +
Stronger balance sheet +
Reduced earnings volatility.
Why This Matters for Nigeria
Nigeria is one of the world’s major cocoa producers. As global cocoa demand rises, structured financing like this:
• Strengthens export capacity
• Boosts FX inflows
• Supports farmers directly
• Deepens capital market participation
This is not just corporate financing — it’s export ecosystem financing.
Bottom Line
Sunbeth’s ₦200 billion CP programme positions it to:
• Consolidate leadership in cocoa exports
• Manage price risks effectively
• Scale operations sustainably
• Strengthen Nigeria’s agricultural export footprint
This is a strategic move that blends agriculture, capital markets, and global trade — a strong signal of growing sophistication in Nigeria’s commodity export sector.
One of Nigeria’s leading cocoa exporters, Sunbeth Global Concepts Limited, has secured approval to establish a massive ₦200 billion Commercial Paper (CP) Programme aimed at strengthening Nigeria’s cocoa export value chain.
Already, the company has rolled out up to ₦100 billion across Series 1, 2, and 3 issuances under the programme.
What Is This CP Programme About?
A Commercial Paper (CP) is a short-term debt instrument companies use to raise funds for operational needs.
For Sunbeth, the funds will support:
• Inventory procurement (buying cocoa in bulk)
• Execution of export contracts
• Hedged offtake obligations (price-risk management)
• Working capital for export operations
This is crucial in a working capital–intensive business like agricultural exports, where timing and liquidity are everything.
Offer Details
• Programme Size: ₦200 billion
• Launched So Far: Up to ₦100 billion (Series 1–3)
•
Tenors: 180 days, 270 days, 364 days• Offer Opened: February 27, 2026
• Closes: March 5, 2026
•
Allotment & Settlement: March 6, 2026• Minimum Subscription: ₦5,000,000 (in multiples of ₦1,000)
• Quotation: To be listed on FMDQ and/or NGX
This structure allows flexibility while keeping repayment within one year.
Scale & Market Position
Founded in 2017, Sunbeth has grown rapidly:
• 200,000+ metric tonnes of cocoa beans exported
• 60,000+ metric tonnes of cashew nuts exported
• ₦600+ billion revenue recorded in 2025
• Works with 30,000+ farmers
• Collaborates with 250+ local buying agents
The company has also built strong global partnerships with firms such as:
• Cargill
• Macquarie Group
• StoneX Group
These partnerships give Sunbeth access to diversified international markets across Europe, Asia, and the United States.
Strong Credit RatingsSunbeth holds:
• A2 (Short-Term) – DataPro & GCR
• A (Long-Term) – DataPro
• BBB+ (Long-Term) – GCR
These ratings reflect:
✔ Strong revenue profile
✔ Solid earnings trajectory
✔ Robust risk management
✔ Experienced leadership
✔ Strong ability to meet obligations
What Management Is Saying
According to the company’s COO, Nzubechukwu Anisiobi:
The CP programme reflects disciplined capital strategy and strengthens liquidity in a working capital-heavy export business.
In simple terms:
More structured funding =
Better contract execution +
Stronger balance sheet +
Reduced earnings volatility.
Why This Matters for Nigeria
Nigeria is one of the world’s major cocoa producers. As global cocoa demand rises, structured financing like this:
• Strengthens export capacity
• Boosts FX inflows
• Supports farmers directly
• Deepens capital market participation
This is not just corporate financing — it’s export ecosystem financing.
Bottom Line
Sunbeth’s ₦200 billion CP programme positions it to:
• Consolidate leadership in cocoa exports
• Manage price risks effectively
• Scale operations sustainably
• Strengthen Nigeria’s agricultural export footprint
This is a strategic move that blends agriculture, capital markets, and global trade — a strong signal of growing sophistication in Nigeria’s commodity export sector.
