Ghana’s Cocobod set to squeeze pricing
Ghana Cocoa Board is set to issue requests for proposals very shortly for its annual trade financing facility, EuroWeek understands. The borrower signed a $1.2bn loan last September that paid 350bp all-in. The new deal could pay as little as half that, say bankers, which will present a stern test of lenders’ commitment to emerging market borrowers. Read more later today at euroweek.com/loans
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