Features

Analysis, interviews, roundtables, reports and more on the topics that matter to you.

Perspective
01 August 2013

Banks jump on Cocobod annual PXF bandwagon

Region:
Middle East & Africa
Banks have come in strongly into the syndication for the annual Ghana Cocoa Board (Cocobod) pre-export finance (PXF) facility over the last couple of weeks – so much so that it has been oversubscribed by 75%. The funds will pre-finance cocoa bean purchases for the 2013-2014 crop. Given the length of the crop cycle, the deal should be seen as a seven to nine month transaction – as opposed to a full year.

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or take a free 14-day trial for selected news and newsletters

Free trial


You might also like


Perspective
20 February 2024

Biden takes a pause

The pause on permitting for some US LNG projects is causing a political stink. But beyond the screams from the fossil fuel lobbyists, what immediate impact on the US LNG...

Interview
20 February 2024

Corporate perspectives: Patience is a virtue for Elecnor's...

It’s still positive, and the benefits of the changes in the OECD Arrangement are already showing, says Angela Perez, head of structured finance at Spanish infrastructure and...