Cocobod mandates five lenders for $1.25bn loan, prices 'aggressively’
Ghana’s national cocoa board, Cocobod, is pushing an aggressive price for its annual one year trade finance loan, EuroWeek can reveal. The $1.25bn deal offers a margin of just 70bp over Libor, well down on the 175bp it paid for last year’s loan, which was for $1.5bn.
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