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TGVM – ECA financing
02 March 2011
Making fast tracks into Africa
Société Générale (SG CIB) wins this Deal of the Year Award for leading an ECA-backed financing to help develop Africa’s and the Arab world’s first ever high-speed railway. Alongside fellow French bank Natixis and French export credit agency Coface, the agent SG CIB created a $275 million ($390 million) buyer credit for the Office des Chemins de Fer (ONCF), Morocco’s public sector railway agency. The 17-year loan will partly fund the construction of a train à grande...
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