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