Nigeria’s capital markets continue to record significant growth, driven by the increasing participation of corporates in market-based financing solutions. Reflecting this growth, FMDQ Securities Exchange Limited (“FMDQ Exchange” or “the Exchange”) has approved the quotation of Sunbeth Global Concepts Limited’s ₦150.41 billion Series 1 – 3 Commercial Papers (“CPs”) under its ₦200.00 billion CP Programme, representing an aggregate issuance of ₦150.41 billion. As one of the notable multi-series CP issuances in the Nigerian capital markets, the quotation underscores the increasing adoption of market-based financing solutions by corporates and reflects FMDQ Exchange’s continued role in enabling efficient capital formation and market development.
Sunbeth Global Concepts Limited (“Sunbeth” or the “Issuer”) is a leading agro-commodities sourcing, trading, and processing enterprise with a strong and growing operational footprint within Nigeria’s agricultural export value chain. With a demonstrated track record of excellence, innovation, and sustainable value creation, Sunbeth is firmly committed to contributing to Nigeria’s economic transformation agenda. The net proceeds from these CP issuances, sponsored by Chapel Hill Denham Advisory Limited (Lead Sponsor), AVA Capital Partners Limited and Meristem Capital Limited, all Registration Members (Quotations) of FMDQ Exchange, will be applied towards enhancing the Issuer’s working capital position, funding strategic business expansion initiatives, and strengthening Sunbeth’s overall financial base to support its long-term growth objectives.
Commenting on the CP quotation, Ms. Tumi Sekoni, Group Chief Operating Officer, FMDQ Group PLC, stated: “The quotation of Sunbeth Global Concepts Limited’s CPs is a powerful demonstration of the depth and maturity of Nigeria’s capital markets. At FMDQ Exchange, we remain steadfast in our commitment to providing a transparent, efficient, and well-regulated platform that empowers dynamic corporates to access the financing they need to grow and contribute to economic development. Sunbeth’s multi-series issuance reflects growing investor confidence in well-structured Nigerian corporate credits, and we are proud to serve as the listing platform of choice for this transaction.”
FMDQ Exchange remains committed to providing a transparent and well-regulated marketplace that supports efficient capital formation and sustainable economic development in Nigeria. By leveraging its innovative platform and extensive market network, the Exchange continues to connect credible issuers with a diverse and growing pool of investors, deepening market liquidity, broadening participation, and reinforcing the resilience and integrity of Nigeria’s financial markets.
FMDQ Group PLC (“FMDQ Group”) is Africa’s first vertically integrated financial market infrastructure (“FMI”) group, strategically positioned to provide registration, listing, quotation and noting services for financial markets securities; an integrated trading platform, clearing & central counterparty, and settlement services for financial markets transactions; depository of securities, as well as data and information services, across the debt capital, derivatives and equity markets, among others, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. As a sustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.