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Update: Cocobod to take increase for record PXF
09 August 2010
Ghana Cocoa Board (Cocobod) raises record level of commitments for annual pre-export finance.
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Ghana Cocobod pre-export financing
Ghana Cocobod
Ghana Cocoa Board (Cocobod) has raised a record level of commitments for its annual pre-export finance easily surpassing its initial target amount of $1.2 billion.
The 10-month loan launched at the end of May and “exceeded expectations” according to bankers by raising $1.834 billion, a new record for the borrower.
Trade Finance understands that the deal is set to be scaled back to $1.5 billion, which represents a new all-time high for Cocobod.
Cocobod’s previous record was...
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