PTA wins on pricing and tenor in $400m loan refi
![ptabank230x150.jpg](https://assets.euromoneydigital.com/dims4/default/742c49d/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fbb%2F8e%2Fd997b6abd1af2efd5909be68d4c8%2Fptabank230x150.jpg)
The Eastern and Southern African Trade and Development Bank (PTA) lowered the margin on the two year tranche of its $400m refinancing and added a three year clip for the first time.
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