GuarantCo has provided a guarantee to support a 15-year USD 13.5 million dual currency financing solution on behalf of Technaf Solartech Energy Limited (TSEL), the first and currently only operational utility-scale solar project in Bangladesh, developed by Joules Power Limited, a Bangladeshi developer.
Fitch Ratings-Frankfurt/London-08 May 2019: Fitch Ratings has affirmed GuarantCo Ltd.'s Insurer Financial Strength (IFS) Rating at 'AA-' (Very Strong). The Outlook is Stable.
GuarantCo, a Private Infrastructure Development Group (PIDG) company, launched the findings of its Study of Bangladesh Bond Market (the Bond Study) at the Local Capital Market Infrastructure Financing Conference, co-hosted with the Dhaka Chamber of Commerce & Industry (DCCI), on 29th April 2019.