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Title:
Nigeria - Infrastructure Credit Guarantee Company Limited (Infracredit)
Detail:
This intervention is related to provision of a subordinated loan of USD 15 million to Infrastructure Credit Guarantee Company Limited. The proposed Bank investment aims to support infrastructure financing in local currency and local corporate debt capital markets deepening in Nigeria. It will catalyse pension funds and other institutional investors’ resources into financing long-term infrastructure projects. This will be achieved by strengthening InfraCredit’s capital base through the subordinated loan, improving its capacity to guarantee more infrastructure bonds especially for green and climate aligned projects. The project contributes to climate finance, with 11 million USD of the total approved amount dedicated to adaptation.
Country:
Nigeria
Source:
African Development Bank Group
Published Date:
02.05.2023
URL:
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Regions:
Africa Sub-Saharan Africa Western Africa
Sectors:
Building Roads and Highways-Bridge Infrastructure Printing and Publishing Construction Computer Hardwares and Consumables Building Material
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