InfraCredit Nigeria
Posted
December 2016
Country
Nigeria
USD 50 million Callable Funding Facility for the first Nigerian based credit guarantor focused on credit enhancing infrastructure bonds to target pension fund investors. The Facility allowed InfraCredit to achieve a high domestic rating increasing its attractiveness to bond investors.
GuarantCo acted as one of the founding sponsors for InfraCredit, alongside the Nigerian Sovereign Investment Authority, providing grant funding, capacity and experience to bring InfraCredit from concept to reality. The impact: mobilise pension and insurance funds to help meeting the significant infrastructure funding needs of Nigeria, open up infrastructure bonds as an asset class to pension funds and diversify fund portfolios.