Bridge

About GuarantCo

Financing infrastructure and developing capital markets

GuarantCo was established in 2005 to help close the infrastructure funding gap and alleviate poverty in lower income countries across Africa and Asia. Our local currency credit solutions transform capital markets by mobilising private sector capital to finance essential infrastructure projects.

View our latest corporate presentation, credit solutions presentation and corporate brochure.

GuarantCo is part of the Private Infrastructure Development Group (PIDG) which operates along the project life cycle and across the capital structure, to help infrastructure projects overcome financial, technical and environmental challenges.

GuarantCo’s portfolio and the investment strategy, set by PIDG, are managed and executed by the outsourced fund manager, Cardano Development, through GuarantCo Management Company. CD incubates innovative financial risk management products that develop local financial markets in emerging and frontier economies.

GuarantCo structure

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Funders

GuarantCo is part of the Private Infrastructure Development Group (PIDG) and 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 Global Affairs Canada through a repayable facility.

Fund manager

GuarantCo’s activities are managed by GuarantCo Management Company which is part of Cardano Development. The Fund Manager is responsible for implementing GuarantCo’s investment strategy and managing its portfolio.

Our milestones

We have established a track-record of innovation and growth.

2005

GuarantCo is incorporated as a Mauritian company and tender launched for a new fund manager

1st Local currency bond issue by Kenya

2011

100

Million exceeded


Total run-rate portfolio size (USD)

2011

1st Local currency corporate bond in Nigeria

2012

1st Local currency bond in Sri Lanka & Sukuk in Pakistan

Provides 1st co-guarantee with US AID in Uganda

2012

Provides 1st guarantee for Standard Chartered Bank

1st one PIDG project GuarantCo, EAIF and lnfraCo Africa combine on Kalangala project in Uganda

2014

200

Million exceeded


Total run-rate portfolio size (USD)

2014

1st local currency project financing in Cameroon

AAA

Rated

Bloomfield West Africa

A1

Rated

Moody’s

AA-

Rated

Fitch Ratings

2015

300

Million exceeded


Total run-rate portfolio size (USD)

2015

Nairobi office opens

AAA

Rated

PACRA

2016

400

Million exceeded


Total run-rate portfolio size (USD)

2016

1st Leverage facility cancelled beneficiaries rely solely on GuarantCo’s standalone credit ratings

Change in Manager to GMC Limited, part of Cardano Development

2017

500

Million exceeded


Total run-rate portfolio size (USD)

2017

Singapore office opens

2017

1st InfraCredit set up in Nigeria with NSIA

Strategic partnership signed with LSE to support developing markets’ local currency bond issuance

2018

750

Million exceeded


Total run-rate portfolio size (USD)

2018

1st local currency Corporate bond in Vietnam and Ghana

1st guarantees of synthetic local currency green bond in India

2018

Co guarantee platform MoU signed with African Development Bank

1st LSE bond listings for Quantum Terminal and Sindicatum

2019

1st dual-currency guarantee in Bangladesh

1st guarantee in Jordan

1st co-financing with Asian Development Bank

2020

1st green Kenyan bond listing for Acorn

1st Guarantee in Madagascar and Tanzania.

2021

885

Million exceeded


Total run-rate portfolio size (USD)

2021

2nd InfraCredit (InfraZamin Pakistan) operational

1st transaction with the Rockefeller Foundation (Acre Impact Capital)

2022

1

Billion exceeded


Total run-rate portfolio size (USD)

2022

USD 200m framework guarantee to Axis Bank India

LCY guarantee to 1st ever green bond in Vietnam

2022

1st guarantee in Cambodia and Cote d’Ivoire

1st internationally verified social loan in Cambodia

Sida provides first of its kind reguarantee facility

2023

1st syndication transaction

1st EV (Spiro) and 1st Benin transaction

2023

1st InfraCredit Nigeria counter guarantee

1st two transactions under the Axis Bank framework

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