Deutsche Bank Closes Ghana Funding Deal Worth 184 Million Euro

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Deutsche Bank closed a lending facility of 184 million euros together with the U.K. Export Finance and African Export-Import Bank to finance phase two of the Kumasi Market redevelopment project in Ghana, lender says in an emailed statement.

  • Financing consists of 145 million euro loan supported by UKEF and 39 million euro commercial loan by Afreximbank
  • Lender acted as sole structuring bank and mandated lead arranger for the two loans
  • Market is largest in West Africa servicing Kumasi township and traders from neighboring Benin and Togo
  • Since 2011, Deutsche Bank has arranged more than 3 billion euros of financing related to infrastructure development in Ghana

Source: Bloomberg

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