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    STAN   GB0004082847

STANDARD CHARTERED PLC

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Standard Chartered : Ghana to fund new highway stretch with loan from Standard Chartered

06/28/2021 | 10:53am EDT

ACCRA, June 28 (Reuters) - Ghana's finance ministry has signed a loan agreement worth 280 million euros ($334 million) with Standard Chartered to fund a new section of highway, the British bank said on Monday.

The loan will fund a 64-killometre (40-mile) section of Ghana's Eastern Corridor that will include two flyovers and interchanges, 11 pedestrian bridges and three mixed-use bridges, the bank said in a statement.

"Having operated in Ghana for over 125 years, we are able to advise and play a leading role in tapping liquidity around the world for major sustainable infrastructure projects in the country,” said Xorse Godzi, Standard Chartered's country head in Ghana.

Ghana's finance ministry said in March the government would borrow up to $5 billion from capital markets this year to finance its 2021 budget and manage its debt.

($1 = 0.8387 euros) (Reporting by Christian Akorlie Writing by Cooper Inveen Editing by Aaron Ross and Mark Potter)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
STANDARD CHARTERED PLC 4.80% 429.7 End-of-day quote.-12.00%
THE SAUDI BRITISH BANK -1.69% 32 End-of-day quote.29.45%
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Financials (USD)
Sales 2021 14 929 M - -
Net income 2021 2 487 M - -
Net Debt 2021 - - -
P/E ratio 2021 7,31x
Yield 2021 3,05%
Capitalization 17 241 M 17 225 M -
Capi. / Sales 2021 1,15x
Capi. / Sales 2022 1,10x
Nbr of Employees 84 740
Free-Float 93,5%
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Number of Analysts 22
Last Close Price 5,60 $
Average target price 7,79 $
Spread / Average Target 39,2%
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William Thomas Winters Group Chief Executive Officer & Executive Director
Andrew Nigel Halford Group Chief Financial Officer & Executive Director
JosÚ Vi˝als Group Chairman
Michael Gorriz Group Chief Information Officer
David Whiteing Group Chief Operating Officer
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