‘Tight’ Cocobod loan to close by September

Ghanaian dollars adobe 230x150
By Mariam Meskin
09 Jul 2019

Ghana Cocoa Board, known as Cocobod, is likely to close its annual loan refinancing in September, and bankers expect it to have tight margins.

The loan has been launched at $1.3bn, though Cocobod has not yet decided if it will raise more if the deal is oversubscribed.

Cocobod confirmed that Ghana International Bank, MUFG, Natixis, Nedbank, Rabobank and Société Générale were underwriting the deal, which is likely to close by mid-September.

Cocobod signed a $1.3bn ...

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