Cordiant Capital Closes a US$15 Million Loan to SA Taxi Development Finance (Sub-Saharan Africa)

Source: FTSE Global Markets

Cordiant Capital, a fund manager specializing in emerging markets investments, has closed a US$15 million loan to SA Taxi Development Finance, a South Africa-based mini-bus taxi finance provider. The loan was structured through Cordiant Emerging Loan Fund IV and is part of a six-year, US$36 million multi-currency loan facility with SA Taxi arranged by Dutch development bank FMO.