{
  "id": 12087968,
  "title": "COCOBOD raises GH¢3.39bn at 11% in first Commercial Paper tranche",
  "url": "https://urgent.news/2026/10/05/cocobod-raises-gh-3-39bn-at-11-in-first-commercial-paper-tranche-12087968",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T04:37:00.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/cocobod-raises-gh%c2%a23-39bn-at-11-in-first-commercial-paper-tranche/"
  },
  "original_language": "en",
  "account": "The Ghana Cocoa Board (COCOBOD) has successfully raised GH¢3.39 billion through the first tranche of its Commercial Paper (CP) program, as reported by JOYBUSINESS. The funds were raised last week, falling slightly short of the GH¢4 billion initially targeted. The interest rate for investors is 11%, and the Commercial Paper has a tenor of 266 days. Cocoa Capital PLC, a wholly-owned special-purpose vehicle of COCOBOD, is spearheading the fundraising effort. The Domestic Cocoa Notes Programme aims to raise up to GH¢16.3 billion in total, with GH¢14 billion sourced through Commercial Papers for short-term liquidity needs in the 2026/27 crop season and the remaining GH¢2.3 billion through medium- to long-term bond issuances. The first tranche of GH¢4 billion is being followed by a second tranche of GH¢4 billion and a final tranche of GH¢6 billion, depending on COCOBOD's funding requirements, market conditions, and programme terms.",
  "summary": "The Ghana Cocoa Board (COCOBOD), through its wholly owned special-purpose vehicle, Cocoa Capital PLC, has raised GH¢3.39 billion from the first tranche of its Commercial Paper (CP) programme.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "COCOBOD raises GH¢3.39bn at 11% in first Commercial Paper tranche",
        "url": "https://urgent.news/2026/10/05/cocobod-raises-gh-3-39bn-at-11-in-first-commercial-paper-tranche",
        "published": "2026-10-05T04:37:00.000Z"
      },
      {
        "outlet": "Adom Online",
        "title": "COCOBOD raises GH¢3.39bn at 11% in first commercial paper tranche",
        "url": "https://urgent.news/2026/10/05/cocobod-raises-gh-3-39bn-at-11-in-first-commercial-paper-tranche-12095397",
        "published": "2026-10-05T07:04:04.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}