Cocobod formally announces close of senior phase of annual PXF syndication

Region:

Middle East & Africa

Jonathan Bell

Today, the Ghana Cocoa Board (Cocobod) formally announced the close of the senior phase of its annual pre-export financing for the 2015-2016 cocoa crop. The financing was launched seeking $1.8 billion under a pre-export finance (PXF) structure, and the facility is fully underwritten by the arranging group – with a hefty oversubscription – at this stage.

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