Repriced Ghana Cocobod to launch
The extension of the $900m loan for Ghana Cocoa Board from 2007 is set to come to market, after lengthy pricing discussions with last year’s lenders, Natixis, Société Générale and Standard Chartered. The borrower secured very tight margins last year, but has had to agree to new terms in order to extend the deal. The mandate has now been signed and there will be a bigger mandated lead arranger group to lead the facility this time round. Go to www.euroweek/loans for details of this deal and others.
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