GuarantCo Ltd (“GuarantCo”) has signed a deal with Sindicatum Renewable Energy Company Pte Ltd (“Sindicatum Renewables”), a Singapore-based developer, owner and operator of renewable energy projects, for USD 60 million green bonds (“Green Bonds”), rated A1 by Moody’s (Indian Rupee (“INR”) and Philippine Peso (“PhP”) tranche) and AA- by Fitch (INR tranche).
The first GuarantCo project in Vietnam
London, 21 June 2018 – GuarantCo has signed a deal with Nam Long Investment Corporation (Nam Long) an affordable housing developer based in Vietnam.
Kenyans could see a decrease in the cost of electricity with the Government set to adopt local currency-based tariffs for power purchase agreements. The move follows the completion of a study on the availability and viability of local financing for infrastructure projects in the energy sector.
The African Guarantee Fund for Small and Medium-Sized Enterprises (AGF) has entered into a re-guarantee transaction of an amount of up to USD 74 million with GuarantCo, to increase its guarantee capacity for SME financing.
Three Private Infrastructure Development Group companies contribute to financing
LONDON – Jan. 24, 2018 – Sindicatum Renewable Energy Company Pte Ltd (“Sindicatum Renewables”), a Singapore-based developer, owner and operator of renewable energy projects has issued an Indian Rupee (“INR”) international green bond (the “Green Bond”), totaling INR 2.5 billion (approximately USD 40 million). GuarantCo Ltd, a Private Infrastructure Development Group (PIDG) company, provided an unconditional and irrevocable guarantee, which covers 100% of the principal and interest of the Green Bond.
Infracredit issues maiden guarantee, supports the first 10-year corporate infrastructure bond in the Nigerian debt capital markets