About InfraCredit


 

Our Sponsors


Nigeria Logo

www.nsia.com.ng

  • Nigeria Sovereign Investment Authority is the manager of Nigeria”s Sovereign Wealth Fund.
  • established as an independent agency by an Act of the National Assembly
  • commenced operations in October 2012 with an initial seed capital of USD 1 billion
  • NSIA is a key institution facilitating private investment into the Nigerian infrastructural sector

icon-guaranto

www.guarantco.com

  • Supranational Institution established in 2006 that provides guarantees of local currency loans and bonds to finance infrastructure in lower income countries
  • member of the Private Infrastructure Development Group (PIDG) sponsored by five G12 governments
  • has issued guarantees totalling USD 513m for 36 infrastructure projects in 14 lower-income countries.
  • rated AA- by Fitch, A1 by Moody”s AAA by Bloomfield, AAA rating from the Pakistan Credit Rating Agency (PACRA).

 

How InfraCredit Works


InfraCredit”s credit guarantee provides investors with timely payment of principal and interest

INFRACREDIT – GUARANTOR

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Key Features

Guarantee Features
  • Pari Passu Rights
  • Voting Rights
  • Naira Obligations
  • Partial/Full
  • Senior Ranking Obligations
  • Non-Acceleration
  • Up to 25 year Maturity
Legal Documentation
  • Deed of Guarante
  • Recourse Agreement
  • Security Deed

 

Eligibility Criteria


By adopting a ”zero loss underwriting policy” InfraCredit will only guarantee a portfolio that contains
lower potential default frequency and loss severity characteristics

ELIGIBLE TRANSACTIONS
  • Naira denominated
  • Debt Instrument (including Sukuk)
  • Must be an eligible Infrastructure Activity
  • Acceptable Credit Profile based on InfraCredit”s internal credit assessment
  • Asset value is not directly linked to oil Minimum ”Bbb-” investment grade rating
  • Adequate Security Package
  • Debt Tenor of up to 20 years
  • Satisfies InfraCredit”s Environmental and Social Safeguards Standards
  • Is not on IFC”s Project Exclusion List
  • Issuer is PENCOM Compliant
ELIGIBLE INFRASTRUCTURE ACTIVITY
  • Agricultural Infrastructure
  • Energy
  • Electricity Generation, Transmission and Distribution
  • Gas transportation, distribution and storage
  • ICT/Telecoms
  • Inputs to Infrastructure
  • Power
  • Transportation
  • Urban infrastructure including social & economic infrastructure e.g. housing, hospitals
  • Waste Management Services
ELIGIBLE ENTITIES
  • Special Purpose Vehicles/Companies
  • Operating Infrastructure Companies
  • Privatised Companies.
  • Parastatals or Public Corporations
  • State and Local Governments

 

Benefits of InfraCredit


InfraCredit will create an alignment of interest between commercial parties, the financial markets,
pension funds and the government
Process Flow

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