COCOBOD signs $1.5b syndicated loan for 2021/22 crop season
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COCOBOD signs $1.5b syndicated loan for 2021/22 crop season


Summary short_text

COCOBOD has signed an agreement for a US$1.5 billion syndicated loan facility for the 2021/22 cocoa crop season.

The loan is projected to help purchase about 600,000 metric tonnes of cocoa for the season under consideration.

Since the 1992/93 crop season, COCOBOD has consistently and successfully, through the pre-export syndicated finance facility, obtained a receivables-backed syndicated loan each year to finance its cocoa purchases.


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