Infracredit issues maiden guarantee, supports the first 10-year corporate infrastructure bond in the Nigerian debt capital markets
InfraCredit, a 'AAA' rated infrastructure credit enhancement facility established by the Nigeria Sovereign Investment Authority in collaboration with GuarantCo (a Private Infrastructure Development Group company), is pleased to announce its inaugural guaranteed bond transaction, successfully connecting infrastructure as an asset class to long-term local currency debt capital markets in Nigeria.
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.
Since it began work in 2006, PIDG company GuarantCo has helped over 39.5 million people gain access to new or improved infrastructure.