GuarantCo wins Guarantor of the Year APAC at the IJGlobal Awards

  • Date written
  • April, 2026

GuarantCo, part of the Private Infrastructure Development Group (PIDG), has been named Guarantor of the Year for the Asia-Pacific region at the IJGlobal Awards. The award was presented last night at a ceremony held at Raffles Hotel in Singapore.

GuarantCo wins Guarantor of the Year APAC at the IJGlobal Awards

The IJGlobal Awards celebrate standout greenfield and refinancing deals across the energy and infrastructure industry, and the companies delivered them during 2025. GuarantCo’s Asia Investments team were recognised for eight highly innovative transactions that reached financial close last year.

The team’s most active market in 2025 was India, with half of its transactions completed there. GuarantCo provided a USD 12.5 million partial credit guarantee for a bond issued by Vivriti Capital, an impact focused non-bank financial institution, to support on-lending to under-served businesses engaged in sustainable infrastructure and climate-focused initiatives. GuarantCo partially credit guaranteed (c. USD 49.7 million) the first green bond issuance by KPI Green Energy, a publicly listed renewable energy developer and operator. A partial guarantee (USD 11 million) was also provided by GuarantCo for a green bond issuance by Muthoot Capital to support consumers in rural locations to purchase electric two-wheelers. A partial credit guarantee of USD 17.3 million was provided for an Axis Bank loan facility for Chartered Speed to scale its electric bus fleet.

GuarantCo also completed two transactions in Cambodia. A payment default guarantee of up to USD 16 million was provided to First Finance to support the microfinancing of affordable housing. While a USD 50 million payment default guarantee supported a bond issuance by THACO Agri to expand its fruit circular farming, production and export business.

Elsewhere, GuarantCo provided a payment default guarantee of USD 41.5 million to Trade and Development Bank of Mongolia to be on-lent to eligible green and social infrastructure projects. GuarantCo also backed Vietnam’s first green bond in the plastics sector with a guarantee of c. USD 20 million for Binh Thuan Plastic Group Joint Stock Company, supporting the recycling of plastic pallets and the broader transition to a circular economy.

Nishant Kumar, Managing Director of Asia Investments at GuarantCo and Head of Coverage – Asia at PIDG, said:

“We are delighted to receive this recognition for the innovative credit solutions we delivered last year and the resulting market transformation they are set to achieve. GuarantCo, as part of PIDG, are at the leading edge of private capital mobilisation for sustainable infrastructure finance across South and Southeast Asia.”

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, France through a stand-by facility and Global Affairs Canada through a repayable facility. GuarantCo is rated AA- by Fitch and A1 by Moody’s in 2014. Since 2005, GuarantCo has enabled USD 7.1 billion of total investment and USD 6.8 billion of private sector investment, giving 44.8 million people access to infrastructure and creating around 248,000 jobs in Africa and Asia. www.guarantco.com

About PIDG

The Private Infrastructure Development Group (PIDG) is an innovative infrastructure development and finance organisation 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. 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; invests in early-stage project development and project and corporate equity through its project development solution, InfraCo; its debt solution EAAIF (the Emerging Africa & Asia Infrastructure Fund) is one of the first and more successful blended debt funds in low-income markets; and its guarantees solution, GuarantCo, provides credit enhancement and local currency solutions to de-risk projects. PIDG also supports a growing portfolio of local credit enhancement facilities, which unlock domestic institutional capital for infrastructure financing.

 

Since 2002, PIDG has supported 258 infrastructure projects to financial close, which provided an estimated 232 million people with access to new or improved infrastructure. PIDG is funded by the governments of the United Kingdom, the Netherlands, Switzerland, Australia and Sweden, and Global Affairs Canada. www.pidg.org