SG Holdings Limited has announced the launch of its Series 3 and Series 4 Commercial Papers under its N100 billion Commercial Paper Programme, with a combined issue size of up to N75 billion. The offer is targeted at qualified institutional investors.

The issuance was confirmed by its Lead Issuing and Placing Agent, Planet Capital Limited, which disclosed that the offer will open for subscription on March 4, 2026. Both the issue and allotment dates are scheduled for March 4, 2026, while the offer is expected to close within the prescribed window in March 2026. The Commercial Papers are issued under the regulatory oversight of the Securities and Exchange Commission and are listed accordingly as part of the Company’s broader N100 billion programme.

Offer Structure

The issuance comprises:

• Series 3 Commercial Paper: 271-day tenor
• Series 4 Commercial Paper: 364-day tenor

Series 3 offers investors an attractive yield of up to 20% while Series 4 offers a yield of 23%.

Financial Strength and Credit Ratings

SG Holdings presents a compelling financial profile, supported by scale, a robust balance sheet, healthy cash flows, profitability, and capital strength. This sustained growth trajectory reflects prudent capital allocation, proven leadership driving growth and success, an expanding operational footprint, stability and creditworthiness, and a disciplined governance framework.

SG Holdings maintains a stable financial outlook, underscored by credit ratings of:

• A1+ by Global Credit Rating (GCR)
• A1 by Augusto & Co

These ratings reflect the Company’s strong liquidity position, disciplined financial management, and consistent operating performance.

The Company has established a solid capital market track record, having previously raised and fully redeemed N34.59 billion under its Series 1 and Series 2 Commercial Papers, which were oversubscribed, demonstrating investor confidence in its credit profile and execution capability. SG Holdings continues to demonstrate operational resilience and revenue diversification across energy logistics and infrastructure segments.

The proceeds from this offer will be used to support working capital, business growth and expansion plans.

About SG Holdings Limited

SG Holdings Limited is a multinational corporation headquartered in Lagos, Nigeria, with additional operational branches in London, Port Harcourt, Accra (Ghana), and Abidjan (Côte d’Ivoire). The Company operates across key segments of the energy value chain, including: Oil and gas transportation / Shipping & Maritime services, Energy Infrastructure, Oil trading / Retail services through filling stations (Downstream), Upstream Support Services / Midstream and Intra-Africa energy trade.

Commenting on the offer, the MD/CEO of SG Holdings – Mr. Deji Matthew Somoye, says, “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.”

SG Holdings boasts of substantial assets, including energy infrastructure (oil depot/ tank farm, several filling stations, gas plants) and a fleet of eight massive vessels/ocean-going tankers, six of which are Suez max tankers of 165,000 deadweight, thus, positioning the company as one of the largest indigenous shipping owners in Sub-Saharan Africa.