India
Power/Energy Supply
The project pictured is not guaranteed by this bond but provides an insight in to Sindicatum’s existing projects and gives an example of what future projects benefiting from the bond will be like.
Financing partners
Bond Investors
GuarantCo guarantee
USD 40 million
Total transaction amount
USD 40 million
Transaction benefits
By utilising an innovative and first of its kind structure developed for this project, GuarantCo was able to reduce currency risk for the developer and attract funding from international institutional investors. The transaction will also have significant demonstration effect in attracting institutional investors to invest in future bond issues supporting infrastructure in Asia.
Development benefits
The three brownfield renewable energy projects financed with the bond proceeds generate a total capacity of 50MW which will improve quality of service for an estimated total of 106,100 people. The three projects also employ 105 people.