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Cocobod – pre-export financing
26 March 2010
Ghana’s summer blockbuster
Bookrunning MLAs: Initial MLAs: Ghana International Bank, Natixis, Société Générale and Standard Chartered.
Initial MLAs: Crédit Agricole, BNP Paribas, BTMU, China Development Bank, HSBC, ICBC, KfW IPEX-Bank, Nedbank, SMBC and Standard Bank
Borrower: Ghana Cocobod
Amount: $1.2 billion
Tenor: 1-year
Legal counsel: Denton Wilde Sapte |
Ghana Cocoa Board’s (Cocobod) pre-export financing was a syndication blockbuster last summer and was easily the largest soft commodity transaction in Africa during 2009. Both those facts are noteworthy but what makes this a deal winner is that the mandated lead arrangers secured the largest amount ever raised by Cocobod despite...
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