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neutral point of view. |
GuarantCo was established in 2015 [1] and provides long-term local currency credit solutions to finance sustainable infrastructure projects and develop local capital markets in lower income countries in Africa and Asia. [2] [3] [4] [5]
The organization was founded as part of the Private Infrastructure Development Group (PIDG). [2] GuarantCo's activities are managed by GuarantCo Management Company which is part of Cardano Development. [6] GuarantCo was established in 2005 in Port Louis, Mauritius, to enable sustainable infrastructure in lower income countries across Africa and Asia by mobilising private sector funding. [7] [8]
GuarantCo is funded by the governments of the United Kingdom, Switzerland, Australia and Sweden through the PIDG Trust, the Netherlands through FMO and the PIDG Trust, France through a stand-by facility and Canada through a repayable facility provided by Global Affairs Canada. [9] [10]
The company is governed by a Board of Directors. GuarantCo's CEO is Layth Al-Falaki. [11]
In 2017, the Nigeria Sovereign Investment Authority (NSIA) and GuarantCo co-founded a credit guarantee company InfraCredit Nigeria to develop infrastructure in Nigeria, by providing financing solutions to local currency infrastructure bonds. GuarantCo provided a USD 50 million callable funding facility to allow InfraCredit to achieve a high domestic rating to increase its attractiveness to bond investors. [12] [13]
In 2019, GuarantCo provided a 2.5 billion partial credit guarantee to investors in Acorn’s KES 5 billion note programme to fund the construction of accommodation for 5,000 students in Nairobi. [14] [15] [16]
In 2021, GuarantCo provided InfraZamin Pakistan with a contingent capital facility of PKR 8.25 billion (USD 50 million) to invest in renewable energy, healthcare, transport, and digital communications infrastructure projects. [17]
In 2022, GuarantCo provided Axis Bank, the third largest bank in India, with a USD 200 million INR equivalent guarantee to accelerate the e-mobility eco-system in India. [18] [19]
In 2021, GuarantCo provided PRAN Agro, a Bangladesh leading agro processor, with a 100% credit guarantee for a BDT 2.1 billion (USD 25 million) on-shore bond with a 7-year tenor to attract domestic institutional capital from Bangladesh and support PRAN Agro's expansion plans. [20]
In 2022, GuarantCo provided a VND 1,150 billion (c. USD 50 million) partial credit guarantee to support a VND 1,725 billion (c. USD 75 million) bond issuance by EVNFinance, a premier non-bank financial institution in Vietnam. Vietcombank Securities (VCBS) a leading investment bank and securities firm in Vietnam acted as the mandate lead arranger on the transaction. [21] [22]
Category:Companies established in 2015
Category:Private equity firms
Category:British companies established in 2015
This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's
terms of use. It may require cleanup to comply with Wikipedia's
content policies, particularly
neutral point of view. |
GuarantCo was established in 2015 [1] and provides long-term local currency credit solutions to finance sustainable infrastructure projects and develop local capital markets in lower income countries in Africa and Asia. [2] [3] [4] [5]
The organization was founded as part of the Private Infrastructure Development Group (PIDG). [2] GuarantCo's activities are managed by GuarantCo Management Company which is part of Cardano Development. [6] GuarantCo was established in 2005 in Port Louis, Mauritius, to enable sustainable infrastructure in lower income countries across Africa and Asia by mobilising private sector funding. [7] [8]
GuarantCo is funded by the governments of the United Kingdom, Switzerland, Australia and Sweden through the PIDG Trust, the Netherlands through FMO and the PIDG Trust, France through a stand-by facility and Canada through a repayable facility provided by Global Affairs Canada. [9] [10]
The company is governed by a Board of Directors. GuarantCo's CEO is Layth Al-Falaki. [11]
In 2017, the Nigeria Sovereign Investment Authority (NSIA) and GuarantCo co-founded a credit guarantee company InfraCredit Nigeria to develop infrastructure in Nigeria, by providing financing solutions to local currency infrastructure bonds. GuarantCo provided a USD 50 million callable funding facility to allow InfraCredit to achieve a high domestic rating to increase its attractiveness to bond investors. [12] [13]
In 2019, GuarantCo provided a 2.5 billion partial credit guarantee to investors in Acorn’s KES 5 billion note programme to fund the construction of accommodation for 5,000 students in Nairobi. [14] [15] [16]
In 2021, GuarantCo provided InfraZamin Pakistan with a contingent capital facility of PKR 8.25 billion (USD 50 million) to invest in renewable energy, healthcare, transport, and digital communications infrastructure projects. [17]
In 2022, GuarantCo provided Axis Bank, the third largest bank in India, with a USD 200 million INR equivalent guarantee to accelerate the e-mobility eco-system in India. [18] [19]
In 2021, GuarantCo provided PRAN Agro, a Bangladesh leading agro processor, with a 100% credit guarantee for a BDT 2.1 billion (USD 25 million) on-shore bond with a 7-year tenor to attract domestic institutional capital from Bangladesh and support PRAN Agro's expansion plans. [20]
In 2022, GuarantCo provided a VND 1,150 billion (c. USD 50 million) partial credit guarantee to support a VND 1,725 billion (c. USD 75 million) bond issuance by EVNFinance, a premier non-bank financial institution in Vietnam. Vietcombank Securities (VCBS) a leading investment bank and securities firm in Vietnam acted as the mandate lead arranger on the transaction. [21] [22]
Category:Companies established in 2015
Category:Private equity firms
Category:British companies established in 2015