Citi Business News has gathered that Ghana Cocoa Board (COCOBOD) has mandated five international lenders for its annual pre-export financing (PXF) facility.
According to reports, COCOBOD is looking to raise about $1.25 billion which is a little less than the US$1.5billion it raised last year.
Industry report has indicated that the banks involved in COCOBODs pre-export financing for this year include Rand Merchant Bank, Nedbank both from South Africa, Bank of Tokyo Mitsubishi UFJ (BTMU), Crédit Agricole and Société Générale.
Citi Business News understands that three groups of banks bid for the deal this year unlike last year when only one group of 13 banks approached COCOBOD.
The deal will likely be launched to general syndication in the coming weeks.
^^ Good to know that the Ghana Cocoa industry is still vibrant
According to reports, COCOBOD is looking to raise about $1.25 billion which is a little less than the US$1.5billion it raised last year.
Industry report has indicated that the banks involved in COCOBODs pre-export financing for this year include Rand Merchant Bank, Nedbank both from South Africa, Bank of Tokyo Mitsubishi UFJ (BTMU), Crédit Agricole and Société Générale.
Citi Business News understands that three groups of banks bid for the deal this year unlike last year when only one group of 13 banks approached COCOBOD.
The deal will likely be launched to general syndication in the coming weeks.
^^ Good to know that the Ghana Cocoa industry is still vibrant