Signed:

April 2007

 

Client:

Celtel Tchad

 

Beneficiary:

Afriland First Bank

 

Financing:

7 billion CFA loan (USD 14m) on top of 10 billion CFA debt raised in 2006 to finance network expansion (USD 34m)

 

Type of guarantee:

Partial Credit Guarantee covering scheduled debt service up to 100% of the principle amount

 

GuarantCo involvement:

USD 7m equivalent guarantee out of USD 14m equivalent guarantee and USD 34m total financing for network expansion

 

Co-Guarantor:

FMO

 

Development Aspect:

 

The developmental aspect of mobile communications has been well documented. This financing in particular will expand the network into more rural areas, which will aid both the local population within the expanded network and the significant nomadic population in Chad