3-years facility of US$300 million
Ghana Cocoa Board (“Cocobod”) signed a new 3-years receivables-backed trade finance facility of US$300 million. Natixis acted as Mandated Lead Arranger as part of the Arranging group. The Facility will be used to refinance Cocoa Bills raised by Bank of Ghana on behalf of Cocobod and to finance production enhancement and sustainability programmes. The credit agreement includes environmental and social objectives, aimed at ensuring good agronomic practices and labor conditions.
Throughout this transaction, Natixis is once again renewing its strong and longstanding commitment towards Cocobod's campains.