ETG eyes expansion after signing loan

Pan African soft commodities trader Export Trading Group (ETG) has signed a $250m one year secured loan to fund the firm’s expansion into West Africa and to purchase agri-commodities.

  • 26 Jun 2012

Standard Bank reprised its role as mandated lead arranger for ETG after coordinating the credit’s 2010 debut in the syndicated loan market. In that transaction, Standard Bank, the IFC and OPEC Fund for International Development provided ETG with a $120m loan.

The new loan syndicate is made up ...

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