InfraCredit builds capacity as infrastructure pipeline grows

InfraCredit, an infrastructure credit guarantee company, is expanding its institutional capacity as its pipeline of infrastructure transactions grows. The company has secured a $50m subordinated unsecured 10-year debt facility from the International Finance Corporation (IFC), which will be disbursed in two tranches of $25m each.

This investment is expected to strengthen InfraCredit's capital structure and its ability to mobilise long-term domestic capital for infrastructure projects. The facility supports various sectors, including renewable energy, healthcare, transportation, and telecommunications. InfraCredit's CEO, Chinua Azubike, highlighted the importance of building additional institutional capacity as the company's transaction pipeline grows.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.