SG HOLDINGS LIMITED , a prominent Nigerian Energy And Marine Logistics firm, has launched Series 3 and Series 4 under its ₦100 billion Commercial Paper Issuance Programme, with a combined target size of up to ₦75 billion. The offer, aimed exclusively at qualified institutional investors, opened for subscription on March 4, 2026, with issuance and allotment also scheduled for the same date. Planet Capital Limited, serving as the Lead Issuing and Placing Agent, confirmed the details of the issuance.
The programme operates under the regulatory supervision of the Securities and Exchange Commission (SEC) and is listed on relevant platforms.The new series feature distinct tenors and attractive yields:
Series 3: 271-day maturity, offering a yield of up to 20%.
Series 4: 364-day maturity, providing a yield of 23%.
Proceeds from the issuance will fund working capital requirements, support ongoing business growth, and fuel expansion initiatives across the company's operations.SG Holdings boasts a robust financial profile, characterized by strong balance sheet metrics, healthy cash flows, consistent profitability, and prudent capital management. The company holds investment-grade credit ratings, including A1+ from Global Credit Ratings (GCR) and A1 from Agusto & Co., which underscore its solid liquidity, disciplined financial practices, and reliable operating performance.
These ratings have remained stable, reflecting the firm's resilience in the energy sector.The company has built a proven track record in the capital markets, having successfully raised and fully redeemed ₦34.59 billion through its earlier Series 1 and Series 2 commercial papers in 2025. Those issuances were oversubscribed, signaling strong investor confidence in SG Holdings' creditworthiness and execution capabilities.
Headquartered in Lagos, Nigeria, SG Holdings Limited operates as a multinational player in the energy value chain. Its business spans oil and gas transportation, shipping and maritime services, energy infrastructure, downstream retail through filling stations, upstream and midstream support, and intra-Africa energy trading. The firm maintains operational presence in London, Port Harcourt, Accra (Ghana), and Abidjan (Côte d’Ivoire). Key assets include oil depots, tank farms, gas plants, multiple filling stations, and a fleet of eight ocean-going tankers—six of which are Suezmax vessels with 165,000 deadweight tonnage—positioning it among the largest indigenous shipping owners in Sub-Saharan Africa.
Commenting on the launch, the Group's Managing Director/CEO, Mr. Deji Matthew Somoye, stated: “We are excited to present this investment opportunity to our stakeholders and look forward to a successful transaction that will drive growth and value for our investors. With our strong financials, investment-grade credit ratings, experienced management team, and significant energy-related assets, we are confident in our ability to deliver attractive returns.
Interested investors are advised to contact cfag@planetcapitaltld.com
08109946787
08146417153
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