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CamGSM (Cellcard)

GuarantCo provided CamGSM (Cellcard) with a USD 70 million guarantee to support an internationally certified sustainability bond fully subscribed by institutional investors Manulife and Prudential Cambodia, listed at the Cambodian Stock Exchange on 24th November 2023, and loan financing from Deutsche Bank AG, Singapore Branch.   Both the bond and loan have obtained second party opinions from Moody's Investor Services on their alignment with the international ICMA Green Bond, Social Bond, Sustainability Bond Principles as well as LMA/APLMA/LSTA Green Loan, Social Loan Principles. All proceeds from the bond and loan will be allocated towards green/social Use of Proceeds categories financing 4G telecommunication towers, energy efficient 4G equipment and future-proofing the network in preparation for 5G rollout.

GuarantCo provides a USD 70 million bond guarantee to CamGSM (Cellcard) to finance telecom infrastructure in Cambodia

GuarantCo, part of the Private Infrastructure Development Group (PIDG), has provided CamGSM (Cellcard) with a USD 70 million guarantee to support an internationally certified sustainability bond fully subscribed by institutional investors Manulife and Prudential Cambodia, listed at the Cambodian Stock Exchange on 24th November 2023, and loan financing from Deutsche Bank AG, Singapore Branch. The proceeds of the financing will be used towards the expansion of Cellcard’s telecom infrastructure.

Shams Power II

GuarantCo and Bank Alfalah provide Shams Power with a PKR 1.5 billion (c. USD 5.2 million) finance solution to support the construction of 10 MW of small rooftop and ground mounted solar plants at commercial and industrial sites across Pakistan to reach grid connected businesses.   Shams Power is an established distributed solar developer with a total of 27 projects and an installed capacity of 25 MW across Pakistan. Eighteen projects with a capacity of 21.2 MW were completed and became operational under the first phase of the PKR 2 billion (c. USD 11.3 million) facility provided by GuarantCo and Bank Alfalah in December 2021.   The finance solution of PKR 1.5 billion (USD c.5.2 million) of senior debt provided by Bank Alfalah is 75 percent guaranteed by GuarantCo. The proceeds will support the construction of an additional c. 10 MW of solar projects across Pakistan. The second phase seeks to largely replicate the success of the first transaction working closely with the same transaction partners including Bank Alfalah and Capital Resource.

GuarantCo and Bank Alfalah provide Shams Power with a PKR 1.5 billion (c. USD 5.2 million) finance solution to invest in small solar plants in Pakistan

GuarantCo, part of the Private Infrastructure Development Group (PIDG), and Bank Alfalah have provided Shams Power with a PKR 1.5 billion (c. USD 5.2 million[1] ) finance solution to support the construction of 10 MW of small rooftop and ground mounted solar plants at commercial and industrial sites across Pakistan to reach grid connected businesses.

Everest Fleet

GuarantCo provided a two-thirds on-demand credit guarantee to Axis Bank to enable an INR 1 billion (c. USD 12.1 million) loan for over four years to Everest Fleet for the purchase of electric cars to be deployed as green taxis in India. The partial guarantee is provided under the USD 200 million INR equivalent framework guarantee agreement that GuarantCo and Axis bank signed in May 2022 which allows mobilisation of funds between USD 300 and 400 million in INR equivalent to finance the e-mobility ecosystem in India.   This is the second transaction closed in December 2023 under the framework agreement after the INR 2.5 billion (c. USD 30 million) three-year loan to Vivriti Capital, an impact focused non-bank financial institution, to support the company’s strategy to expand its portfolio through lending to companies operating in the e-mobility ecosystem in India.

Vivriti Capital

GuarantCo provided a 50 percent on-demand credit guarantee to Axis Bank to extend an INR 2.5 billion (c. USD 30 million) three-year loan to Vivriti Capital to support the company’s strategy to expand its portfolio through lending to companies operating in the e-mobility ecosystem in India.   The guarantee is provided under the USD 200 million (INR equivalent) framework guarantee agreement signed by GuarantCo and Axis Bank allowing mobilisation of funds between USD 300 and 400 million (INR equivalent) to finance the e-mobility ecosystem in India.  This is the first transaction that GuarantCo has closed under the framework agreement with Axis Bank which was first announced under a Memorandum of Understanding during COP26 in Glasgow in November 2021 after which a framework agreement was signed in May 2022.

GuarantCo guarantees Axis Bank to provide an INR 2.5 billion loan to Vivriti Capital to lend to e-mobility companies in India

GuarantCo, part of the Private Infrastructure Development Group (PIDG), has provided a 50 percent on-demand credit guarantee to Axis Bank, one of the largest private sector banks in India, to extend an INR 2.5 billion (c. USD 30 million) three-year loan to Vivriti Capital, an India-based, impact focused non-bank financial institution, to support the company’s strategy to expand its portfolio through lending to companies operating in the e-mobility ecosystem in India.

GuarantCo, part of PIDG, and Standard Chartered collaborate to accelerate climate action in Vietnam during COP28

GuarantCo, part of the Private Infrastructure Development Group (PIDG), and Standard Chartered have signed a Memorandum of Understanding (MoU) during COP28 in Dubai announcing their intention to develop a climate-focused deal framework that aims to increase funding opportunities in Vietnam and accelerate climate action.

Lagos Free Zone Company

GuarantCo provided an NGN 20.23 billion (USD 25 million) counter-guarantee with a sixteen year tenor to InfraCredit in support of Lagos Free Zone Company’s (LFZC) three guaranteed infrastructure bond issuances totalling NGN 53 billion (USD 65.5 million).   This transaction is part of a larger guarantee facility by InfraCredit to support the bond programme. Owned and developed by Tolaram (the Singaporean conglomerate with more than 45 years of presence in Nigeria and business interests in consumer goods, infrastructure and fintech), LFZC raised the funds to finance continued development of the Lagos Free Zone (the Zone) which is being developed as the largest integrated port based economic zone in Nigeria and shall serve as the industrial and maritime hub for Nigeria and West Africa.   All three issuances have been fully guaranteed by InfraCredit, the Nigerian based credit guarantor which GuarantCo and the Nigerian Sovereign Investment Authority helped set up in 2017 and in which InfraCo Africa, another PIDG company, is a shareholder.  To manage single obligor limits, InfraCredit initiated the counter-guarantee partnership with GuarantCo across all three series.

GuarantCo provides NGN 20.23 billion (USD 25 million) counter-guarantee to InfraCredit for Lagos Free Zone Company 20-year senior guaranteed fixed rate infrastructure bond issuance

GuarantCo, part of the Private Infrastructure Development Group (PIDG), has provided an NGN 20.23 billion (USD 25 million) counter-guarantee with a sixteen-year tenor to InfraCredit in support of Lagos Free Zone Company’s (LFZC) three guaranteed infrastructure bond issuances totalling NGN 53 billion (USD 65.5 million).

Kacific Broadband Satellites

Kacific1 has been pivotal in narrowing the digital divide in the Asia-Pacific, where over two billion people lack broadband access due to cost and infrastructure limitations. Its affordable, reliable connectivity paired with simple terminal kits has empowered communities, improved education and healthcare, drove economic opportunities and fostered regional development and growth.