Syndicated Loan Facility For 2018/2019 Crop Season
Ghana Cocoa Board is pleased to confirm the award of the mandate for its annual US $1.3 billion Pre-Export Receivable Backed Trade Finance (PXF) Syndicated Facility to the bank consortium consisting of ABN AMRO Bank, Bank of China, Industrial and Commercial Bank of Ghana, Standard Chartered Bank who have been joined by Ghana International Bank.
The facility will be used to meet the financing needs of the 2018/2019 cocoa crop.
The high quality tender process was well contested with multiple bidding groups comprising over fifteen (15) major international banks which reflects the excellent track record of Ghana Cocoa Board in the annual PXF facility.
The bank meeting will be held in London with syndication and signing timelines similar to previous years.
Further announcements will be made in due course by the arranging bank group.
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