Portfolio - infrazamin

Pakistan’s first ‘AAA’ rated, fully Guaranteed ‘Gender Bond’

InfraZamin Pakistan’s full credit risk guarantee cover of PKR 2850 Mn (USD 10 Mn) covering 100% principal amount and two interest installments under social infrastructure which will effectively de-risk the investor of the Gender Bond from any credit defaults of Kashf Foundation. This transaction paves the way for… Read More

Greater Digital Reach and Transmission across Pakistan

InfraZamin Pakistan’s partial credit risk guarantee cover of PKR 1,575 million (US$7.6 million) on the Digital Infrastructure Facility will effectively de-risk the majority of credit risks of this project expansion. This is InfraZamin’s first transaction in Pakistan and paves the way forward for deeper market development via credit guarantees. HBL… Read More

Mitigating bond credit risk in nascent capital markets

A 50% Guarantee on a USD 43 Million local currency bond programme, allowing the bond to be rated B1 by Moody’s (1 notch higher than Kenya’s sovereign rating at the time of issuance). Improved rating allowed the bond to access a wide range of capital market investors. The first green… Read More

Reducing risk for local commercial banks

Guarantee provided jointly with Africa Guarantee Fund. The PCG mitigates credit risk including the exposure to the state-owned PPA offtaker. In addition to the credit risk, the guarantee helped banks to increase the tenor of the loan and encouraged banks to venture into new sectors. Read More

Reducing risk for local commercial banks

Guarantee allowed Joules Power Limited to borrow a portion of the funds required for their Technaf project in Bangladesh Taka – reducing currency risk in the transaction. In addition to the currency risk, the guarantee helped banks to increase the tenor of the loan and encouraged banks to venture into… Read More

Extending commercial banks loans tenors

Due to liquidity mismatches and asset/liability management, commercial banks are often limited to a maximum tenor for the loans they provide. GuarantCo’s LEG (liquidity extension guarantee) product was designed to help the banks overcome this tenor obstacle and provide the long term finance that infrastructure projects require. Read More

Reducing risk for local commercial banks

Partial guarantee for a USD 50 million amortizing 5.5-year corporate term loan facility, split equally between two tranches denominated in PKR and USD. The projects will result in long-term savings for KE through reduction in T&D losses, estimated to be around 20 percent of the power it generated in 2018,… Read More

Access to local capital markets

GuarantCo’s 100 percent guarantee improved the local credit rating of ByCo’s Sukuk to AAA thereby enabling conservative new Islamic investors to invest. The AAA rated Sukuk was one of few of it’s kind by a corporate in Pakistan. The proceeds of the Sukuk will be used to increase Byco’s production… Read More

Extending commercial banks loans tenors

GuarantCo’s tenor extension guarantee was critical in Standard Chartered Bank providing a 7 year offshore USD loan to Fatima Fertilizer. Fatima Fertilizer is the largest local manufacturer of CAN and NP and the proceeds of the USD facility will be used to remove certain identified bottlenecks in the production process… Read More

Access to local capital markets

GuarantCo helped existing investors overcome their regulatory limits and also, by improving PMCL’s local credit rating from AA- to AAA, enabled new Islamic investors to invest. The Sukuk was structured as a “Service Ijara”, the first time this structure has been used in Pakistan. Pakistan’s mobile phone sector is very… Read More