Infrastructure Credit Guarantee (InfraCredit)
✨ AI Summary
Industry: Banking / Financial Services Infrastructure Credit Guarantee (InfraCredit) provides local currency guarantees to enhance the credit quality of debt instruments issued to finance creditworthy…
Industry: Banking / Financial Services Infrastructure Credit Guarantee (InfraCredit) provides local currency guarantees to enhance the credit quality of debt instruments issued to finance creditworthy infrastructure assets in Nigeria that conform with its eligibility criteria. This entity is necessary because long term capital required by infrastructure entities/projects to be commercially successful is not available from the domestic banking market. InfraCreditâs guarantees would act as a catalyst to attract investment interests from pension funds, insurance firms and other long-term investors, thereby deepening the Nigerian debt capital markets. Its successful operation will address the constraints facing the Nigerian pension market and motivate their involvement in investing in long term bonds to finance infrastructure assets
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