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GuarantCo and Africa GreenCo scoop ‘Energy Transition Deal of the Year – Africa’ in the IJGlobal Awards

GuarantCo’s transaction with Africa GreenCo has won ‘Energy Transition Deal of the Year – Africa’ in the IJ Global Awards. The prestigious award was announced at the EMEA ceremony held at The Peninsula London last night.

GuarantCo launches new report on mobilising private investment into sustainable infrastructure in Indonesia

  • Proposes knowledge-sharing among policymakers and market participants to increase awareness and demystify misconceptions of using credit guarantees for infrastructure in Indonesia
  • Recommends exploring the development of new guarantee products specific to Indonesia, based on a deep understanding of market needs

Standard Chartered provides standby liquidity facility to support GuarantCo in enabling sustainable infrastructure in Africa and Asia

Standard Chartered, a leading international cross-border bank, and GuarantCo, part of the Private Infrastructure Development Group (PIDG), are proud to announce the signing of a USD 50 million standby liquidity facility. The facility will increase capacity for GuarantCo’s mission of financing the development of essential sustainable infrastructure in lower income countries in Africa and Asia.

Arya

GuarantCo provided two partial guarantees to HSBC India for an INR 2.5 billion (c. USD 30 million) loan facility extended by HSBC India to Arya.ag, India's leading grain commerce platform.   The proceeds of the transaction will be used to provide post-harvest liquidity to farmers, farmer producing organisations (FPOs) and small agri-enterprises, to bring them under the formal banking channel, which, in turn will help the farmers to unlock greater value for their crops.

Credit Guarantee Corporation of Cambodia

GuarantCo and the Credit Guarantee Corporation of Cambodia (CGCC) have signed a Framework Agreement as part of the Private Infrastructure Development Group’s Credit Enhancement Facility initiative.   The Framework was signed alongside the first transaction between GuarantCo and CGCC, in which GuarantCo has provided a 10-year, USD 7 million portfolio guarantee to CGCC.   Marking GuarantCo’s fourth investment in Cambodia, the portfolio guarantee will allow CGCC to mobilise further bank lending towards small and medium-sized enterprises in the country, with a focus on businesses supporting the green transition. SME development is a high priority for Cambodia where a lack of access to formal banking services is common due to the nascency of green financing in the country.

GuarantCo offers partial guarantee to HSBC India for a loan to Arya.ag to provide liquidity to the agricultural sector

GuarantCo, part of the Private Infrastructure Development Group (PIDG), has provided two partial guarantees to HSBC India for an INR 2.5 billion (c. USD 30 million) loan facility extended by HSBC India to Arya.ag India's leading grain commerce platform.

GuarantCo and CGCC sign Framework Agreement and first transaction together to accelerate sustainable infrastructure investment in Cambodia

GuarantCo, part of the Private Infrastructure Development Group (PIDG), and the Credit Guarantee Corporation of Cambodia (CGCC) have signed a Framework Agreement as part of the PIDG Credit Enhancement Facility (CEF) initiative.

Etana Energy

GuarantCo and British International Investment (BII), the UK’s development finance institution and impact investor, expect to unlock US$500 million of new renewable power development through a groundbreaking deal with Etana Energy, the South African energy trading company.   GuarantCo and BII will provide $100 million ($50 million each) of default guarantee finance for Etana in South Africa’s largest “energy wheeling framework” transaction.   This innovative type of deal is designed to unlock new renewable energy capacity by providing independent power producers (IPPs) with the revenue certainty they need to break ground on new renewable energy projects.   Recent regulatory changes in South Africa have opened the opportunity for private power producers to sell electricity to business customers, and companies like Etana are looking to accelerate this opportunity, expanding the addressable market by buying renewable energy from private generators and then selling that output to a portfolio of commercial customers by “wheeling” the electricity across the existing transmission network.

AquaOne

GuarantCo has provided a guarantee to Hoa Binh – Xuan Mai Clean Water Limited Liability Company and Xuan Mai - Hanoi Clean Water Transmission Limited Company. Hoa Binh -Xuan Mai has issued 20-year green bonds to fund the development of a greenfield water supply project in Hoa Binh province to supply clean water primarily to the Hanoi region.   This is Vietnam’s first-ever verified green project bond in the water sector, the longest-tenor project bond issuance in the country to date, and the first project bond in Vietnam to receive an external credit rating from a local ratings agency.   This transaction marks GuarantCo’s fifth transaction in Vietnam, demonstrating its continued commitment to the country in supporting the development of sustainable infrastructure and local capital markets. While it is the first time GuarantCo has provided guarantees to support the development of water treatment infrastructure globally.   The green bonds received oversubscription from major institutional investors, and were invested by Chubb Life Vietnam, Hanwha Life, AIA, and Generali. Chubb Life Vietnam, as the anchor investor provided the largest subscription to the bonds, and Hanwha Life are first-time investors in GuarantCo guaranteed bonds.   The bond issue is rated AAA by FiinRatings under the national credit rating scale – a rating uplift of 11 notches – reflecting the strength of GuarantCo’s guarantee. The bond has also been structured in alignment with ICMA’s Green Bond Principles.

IDI Sao Mai

GuarantCo provided a guarantee for green bonds issued by International Development and Investment Corporation, a subsidiary of Sao Mai Group and a leading sustainable fish export company in Vietnam (IDI Sao Mai).   The proceeds will enable the next stage of the company’s growth through the development of pangasius fish processing, as well as seeding and hatching facilities. This is in response to a projected 1.4 per cent growth in global fish consumption and increasing export demand, specifically for Vietnamese pangasius, from traditional and new markets in the coming years.   The growth will increase income generation for local farming households who are contracted to cultivate the fish.   The successful issuance of this green bond seeks to further demonstrate the untapped market potential for green financing instruments to help address the significant investment and infrastructure financing gap in the country.

GuarantCo and British International Investment partner to unlock US$500 million of new renewable power for South Africa with landmark $100 million Etana Energy deal

GuarantCo, part of the Private Infrastructure Development Group (PIDG), and British International Investment (BII), the UK’s development finance institution and impact investor, expect to unlock US$500 million of new renewable power development through a groundbreaking deal with Etana Energy, the South African energy trading company.

Vietnam’s first 20-year project and green bond guaranteed by GuarantCo and issued by the Xuan Mai Water Supply System Project

GuarantCo, part of the Private Infrastructure Development Group (PIDG), has provided a VND 1,192 billion (c. USD 47 million equivalent) guarantee to Hoa Binh – Xuan Mai Clean Water Limited Liability Company (Hoa Binh – Xuan Mai) and Xuan Mai - Hanoi Clean Water Transmission Limited Company (Xuan Mai – Hanoi) (the Companies). Hoa Binh -Xuan Mai has issued 20-year VND 875.1 billion (c. USD 34.5 million equivalent) green bonds to fund the development of a greenfield water supply project in Hoa Binh province to supply clean water primarily to the Hanoi region.