Cocobod in the market for $1.3bn refi

Ghanaian dollars adobe 230x150
By Mariam Meskin
20 Jun 2019

Ghana Cocoa Board, the central organisation for Ghana's cocoa industry, is in the process of raising $1.3bn to refinance existing debt.

Underwriters are MUFG, Natixis, Nedbank, Rabobank and Société Générale, according to bankers. 

The existing deal is a one year $1.3bn term loan signed in June 2018 which matures this month. ABN Amro, Bank of China, Industrial & Commercial Bank of China and Standard Chartered were bookrunners on that deal.  

"It's been a relatively ...

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