Cocobod pre-export financing hits market

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28 May 2010

Banks have launched the 18th annual pre-export financing for Ghana Cocobod this week but Banco Espirito Santo, one of the original mandated lead arrangers, has dropped out of the deal.

Banks have launched a one-year $1.2 billion pre-export financing purposes for Ghana Cocobod (Ghana).Credit Agricole, Ghana International Bank, ICBC, Standard Bank and SMBC are the mandated lead arrangers on the loan but Banco Espirito Santo, (BES) originally part of the winning consortium has...

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