Dutch banks involved in 1,5 billion dollar loan facility to COCOBOD.

24 September Print

COCOBOD and a consortium of banks lead by Rabo Bank from the Netherlands sign 1.5 billion loan agreement,14 other international banking institutions signed the agreement.

The Dutch, Ghana largest export partner, especially in the cocoa sector, re-established their involvement in Ghana and the development of our country, with this unique facilitation.

Rabobank International, finances 10% of the project, Standard Chartered Bank will act as facility agent and Ghana International Bank plc will act as collection agent.

The arrangers are ABN AMRO Bank N.V (also from the Netherlands), British Arab Commercial Bank plc, State Bank of India, London and Zenith Bank (UK) Limited.

The global banks include the Bank of Tokyo-Mitsubishi UFJ Ltd., Barclays Bank PLC, Citi, FirstRand Bank Limited (acting through its Rand Merchant Bank Division), HSBC, Industrial and Commercial Bank of China Limited and Natixis. The others are Nedbank Capital, Societe Generale, Standard Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation (the “Bookrunners”) and Ghana International Bank plc.

The rest of the banks include BHF-BANK Aktiengesellschaft, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Germany; ING Belgium, Brussels, Geneva Branch; INTESA SANPAOLO S.p.A. (Paris Branch); KfW IPEX-Bank GmbH and the OPEC Fund for Internationa Development (OFID). The arrangers are ABN AMRO Bank N.V (also from the Netherlands), British Arab Commercial Bank plc, State Bank of India, London and Zenith Bank (UK) Limited.

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