Johnvents Industries Limited is set to raise up to N80 billion through a commercial paper issuance to fund its working capital, specifically for bulk cocoa purchases as the main harvest season begins. The offer, advised by CardinalStone Partners Limited, falls under the company’s N250 billion Commercial Paper Issuance Programme. Johnvents operates cocoa processing facilities in Akure and Ile-Oluji with a combined annual capacity of 48,000 metric tonnes, and the company continues to rely on the domestic debt market to finance its expanding operations amidst volatile global cocoa prices.