Portfolio
InfraCredit
Project status: Ongoing progress
- InfraCredit
- Ongoing progress
- InfraCredit
Project Details
Sector
Services
Services
Commencement Date
20 October 2016
20 October 2016
Participants
NSIA
GuarantCo
NSIA
GuarantCo
State
Lagos
Lagos
InfraCredit provides guarantees to enhance the credit quality of local currency debt instruments issued to finance eligible infrastructure-related assets in Nigeria, thereby acting as a catalyst to attract investment interest from pension funds, insurance firms, and other long-term investors.
InfraCredit’s establishment has helped to channel long-term capital funding, not available from the domestic banking market – such as pension funds, insurance funds etc. –towards infrastructure entities / projects.
PARTNERS
How the fund is invested
US$183 million
Project Cost / Size:
US$25 million (31.79%)
NSIA’s interest:
Equity
Funding structure
15
Investment areas