IFC Commits $50 Million Debt Facility to Strengthen InfraCredit
Infrastructure Credit Guarantee Company Plc (“InfraCredit”), Nigeria’s ‘AAA’-rated specialised infrastructure credit guarantee institution has announced the execution of a US$50 million subordinated unsecured 10-year debt facility (the “Facility”) with the International Finance Corporation (IFC), a member of the World Bank Group and the world’s largest global development institution focused on…
Infrastructure Credit Guarantee Company Plc, Nigeria’s specialized infrastructure credit guarantee institution, has announced a $50 million subordinated unsecured 10-year debt facility with the International Finance Corporation (IFC), a World Bank Group member. The Facility, composed of two $25 million tranches, aims to bolster InfraCredit’s capital structure and enhance its capacity to support a growing pipeline of infrastructure transactions.
The agreement strengthens Nigeria’s infrastructure financing ecosystem and mobilizes long-term local currency financing across various sectors, including renewable energy, climate-smart agriculture, digital infrastructure, green growth, telecommunications, healthcare, transportation, and other productive sectors. IFC’s investment reflects its commitment to Nigeria’s infrastructure financing ecosystem and mobilizing long-term private capital, with InfraCredit playing a catalytic role in developing the country’s domestic debt capital market since its inception in 2017.
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