Media Centre

GuarantCo has provided a NPR 2,785m ($28.2m equivalent) guarantee for Essel Clean Solu Hydropower Private Limited, (‘ECS’), to support the financing of the Lower Solu project in the Solukhumbu district in Nepal.

Softlogic Finance PLC announced that it had signed an agreement with GuarantCo, who will provide a guarantee that will enhance the issuance of Softlogic Finance Debentures in an amount of Rupees 1.4 Billion. The Softlogic Finance Debenture issuance that will carry the strength of GuarantCo is expected to be rated AAA and will probably be the first Triple A Debt Issuance in Sri Lanka.

GuarantCo has provided a THB 425m ($13.5m equivalent) guarantee facility to support Thai Biogas Energy Company (TBEC)’s in building wastewater-to-biogas plants in rural Thailand.

West African rating agency Bloomfield Investment has awarded GuarantCo a AAA rating, the highest in its universe of ratings, which was announced at press conference at the Hotel Ivoire in Abidjan on 23rd July 2014. A number of officials were present for the press conference, including representatives from the Swiss and British embassies in Cote D’Ivoire, and representatives of various Ivorian ministries.

GuarantCo, in partnership with the African Development Bank (AFDB), organised a two day workshop over June 10th-11th 2014 at the Hilton Yaounde. The Risk Mitigation workshop was designed to promote and develop the understanding of risk mitigation instruments amongst key public and private stakeholders in Africa in relation to infrastructure projects.

In December 2013 GuarantCo signed its first deal in Ghana, providing a GHC 12m guarantee to Standard Chartered Bank in order to support the construction and operation of an LPG loading and storage terminal in Atuabo, Ghana. The terminal is to provide key supporting infrastructure for domestic LPG to be produced by the Government owned Atuabo gas processing plant.

GuarantCo Accreditation from Banking Commission of Central Africa (COBAC)

GuarantCo was rated AA- by Fitch in May 2014, A1 by Moody’s in June 2014, and AAA (for the West African CFA zone) by Bloomfield in April 2014

Softlogic Finance PLC announced that it had signed an agreement with GuarantCo, who will provide a guarantee that will enhance the issuance of Softlogic Finance Debentures in an amount of Rupees 1.4 Billion. The Softlogic Finance Debenture issuance that will carry the strength of GuarantCo is expected to be rated AAA and will probably be the first Triple A Debt Issuance in Sri Lanka.