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Cordiant loans $15mln to SA Taxi Development Finance

Cordiant Capital, the Canada-based emerging market private debt manager has made a $15 million loan to SA Taxi Development Finance, an asset based lender in South Africa.  SA Taxi provides loans for to acquire minibuses, and has financed over 20,000 vehicles in South Africa.  The loan was written from Cordiant’s Emerging Loan Fund IV, which targets floating rate loan opportunities in emerging markets.

 

Read more at FTSE Global Markets…

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