In March 2026, SG Holdings Limited launched a ₦75 billion commercial paper under its ₦100 billion programme.
The offer opened on March 4 and will close on March 11, therefore providing funding for short-term operations.
SG Holdings CP Launch & Key Terms
For Series 3, investors receive a 17.792% discount rate, which implies a 20.5% yield over 270 days.
Meanwhile, Series 4 covers 364 days, offering an 18.7088% discount rate and a 23% implied yield.
Investors must settle on March 11, with a minimum ₦5 million and increments of ₦1,000.
Moreover, Agusto & Co (A1) and GCR (A1+) rated the issuance, reassuring investors.
Additionally, the company sets a default rate at NIBOR + 5% or issue rate + 5%, whichever is higher.
Operations & Market Position
Headquartered in Lagos, SG Holdings operates branches in Abuja, Port Harcourt, Accra, and Abidjan.
Furthermore, the company runs energy transport, trading, logistics, filling stations, aviation fuel, LPG, and intra-African trade.
Read Also: SG Holdings Issues ₦75B Series 3 & 4 Commercial Papers
In addition, five ocean-going tankers and security vessels transport over 600,000 metric tonnes of cargo.
Consequently, it competes directly with Oando, Seplat Energy, and international firms like Maersk.
Investor Insight & Risks
For example, a ₦5 million investment could yield ₦660,498 in Series 3 and ₦932,837 in Series 4.
Compared to 16.73% FGN Treasury Bills, the CP offers nearly 6% higher returns.
However, CPs redeem only at maturity, although early re-discount depends on the issuer.
In 2025, Series 1 was fully repaid, while Series 2 remains. Operating profit covers interest 5.6 times.
Nevertheless, debt rose 168%, interest expenses increased 96%, and debt now represents 35% of the balance sheet.
Therefore, investors gain high yields and default protection, but they must weigh rising leverage and financial risks carefully.
