Calyon, RBS and SG CIB will act as mandated lead arrangers. SG CIB will be facility agent. RBS and SG CIB will act as bookrunners and Calyon as documentation agent, with information memorandum preparation by RBS.
The facility will be used to finance the purchase of cocoa beans for the 2005-06 season secured by the assignment of cocoa export contracts signed with OECD buyers. The new financing follows a 12-year successful track record for Cocobod raising over US$4.5bn including this latest commitment.
Cocobod is the public entity in charge of the country’s cocoa industry and its exports. Ghana is the world’s second largest producer and exporter of cocoa.