Cocobod squeezes pricing as it readies RFP

Ghana Cocoa Board is about to issue RFPs for its annual trade financing facility, and is set to press for much tighter pricing than last year, said bankers close to the borrowers.

  • 20 Jan 2010
The borrower, which regulates the cocoa industry in the country, will “severely slash” pricing from last September’s $1.2bn deal, which paid a margin of 250bp and had an all-in yield of 350bp, according to bankers. “The market will be lucky if it gets half as much as that ...

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