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GuarantCo, the world’s leading local currency guarantee facility, has received a further AUD4m from DFAT to support its continued growth. GuarantCo is also backed by the UK (DFID), Switzerland (SECO), Sweden (Sida), through the multilateral Private Infrastructure Development Group (PIDG), and the Netherlands (DGIS) through FMO. This recent funding allocation blends well with GuarantCo’s ambition to expand its operations in Asia and the Pacific to address existing constraints in local currency debt financing for infrastructure projects. "GuarantCo is grateful for the further funding received from DFAT and its continued support. We continue to seek to expand GuarantCo's activities in Asia and the Pacific following the recent opening of our office in Singapore" stated Mr. Andy Bainbridge, Chairman, GuarantCo Board.
London - Local currency guarantee provider GuarantCo Limited has appointed Cardano Development to be its new fund manager, as it looks to grow its portfolio. Cardano Development takes over the management of GuarantCo today. GuarantCo is a public/private partnership that helps finance privately-sponsored infrastructure projects in Africa and Asia’s emerging and frontier markets, providing local currency guarantees to local and regional banks so that they can raise medium and long-term debt. GuarantCo can also provide dollar-denominated guarantees in fragile and conflict affected countries.
The Pakistan Credit Rating Agency Limited (PACRA) has assigned a long-term entity rating of 'AAA' (Triple A) and short-term rating of 'A1+' (A One Plus) to GuarantCo Limited (GuarantCo). These ratings denote the lowest expectation of credit risk emanating from an exceptionally strong capacity for timely payment of financial commitments.
Please click on the link below to view an article by Managing Director Chris Vermont in the Berne Union Year Book 2015
GuarantCo is to open new headquarters in East Africa, today, Monday 2nd November 2015, as its business in financing infrastructure development in east and southern Africa expands.
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.
GuarantCo – Presentation