GuarantCo scores a double victory in The Asset Triple A Sustainable Infrastructure Awards in Asia

  • Date written
  • May, 2025

GuarantCo, part of the Private Infrastructure Development Group (PIDG), has garnered two The Asset Triple A Sustainable Infrastructure Awards in Asia.

GuarantCo scores a double victory in The Asset Triple A Sustainable Infrastructure Awards in Asia

The Asset created the awards in support of the importance of infrastructure to the region’s future by shining a spotlight on the deals that are making a difference in achieving sustainable economic development.

Water Deal of the Year – AquaOne 

Firstly, GuarantCo picked up ‘Water Deal of the Year’ for AquaOne, the first ever green project bond in the water sector in Vietnam. The proceeds of which were used to finance the construction of a water treatment and supply system in Hoa Binh province. This is the longest tenor project bond in the country to date with a maturity of 20 years.

The project will be operational by early 2026 supplying 150,000 cubic metres per day of clean water to become one of the largest producers in north Vietnam. The project uses river water as a source unlike most of the other existing water treatment plants in Vietnam which use fast depleting and therefore unsustainable groundwater sources.

Most Innovative Deal of the Year – Arya.ag 

GuarantCo also won ‘Most Innovative Deal of the Year’ for Arya.ag in which it provided partial guarantees to two separate loans from HSBC India. The transaction is supporting Arya in providing warehousing solution to the agricultural sector. This is an innovative offering in India, delivering significant marketplace infrastructure development. Arya is a multi-layered solutions company playing a key role in expanding storage, financing and commerce markets for underserved farmers and farmer producing organisations.

NOTES TO EDITORS

About GuarantCo

GuarantCo mobilises private sector local currency investment for infrastructure projects and supports the development of financial markets in lower income countries across Africa and Asia. 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, and Global Affairs Canada plus France through a stand-by facility. GuarantCo is rated AA- by Fitch and A1 by Moody’s. Since 2005, GuarantCo has enabled USD 6.2 billion of total investment and USD 5.2 billion of private sector investment, giving 45.2 million people improved access to infrastructure and creating around 229,000 jobs. GuarantCo’s activities are managed by GuarantCo Management Company which is part of Cardano Development www.guarantco.com

About PIDG

The Private Infrastructure Development Group (PIDG) is an innovative infrastructure project developer and investor which mobilises private investment in sustainable and inclusive infrastructure in sub-Saharan Africa and south and south-east Asia. PIDG investments promote socio-economic development within a just transition to net zero emissions, combat poverty and contribute to the Sustainable Development Goals (SDGs). PIDG delivers its ambition in line with its values of pioneering, partnership, safety, inclusivity and urgency.
PIDG offers Technical Assistance for upstream, early-stage activities and concessional capital; its project development arm – which includes InfraCo – invests in early-stage project development and project and corporate equity. PIDG credit solutions include EAAIF (the Emerging Africa and Asia Infrastructure Fund), one of the first and more successful blended debt fund in low-income markets; GuarantCo, its guarantee arm that provides credit enhancement and local currency solutions to de-risk projects; and a growing portfolio of local credit enhancement facilities, which unlocks domestic institutional capital for infrastructure financing.
Since 2002, PIDG has supported 233 infrastructure projects to financial close, which provided an estimated 228 million people with access to new or improved infrastructure. PIDG is funded by the governments of the United Kingdom, the Netherlands, Switzerland, Australia, Sweden, Global Affairs Canada and Germany. pidg.org