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Capital Structure
InfraCredit’s capital structure is composed of three tiers of capital:
Capital Structure
InfraCredit’s capital structure is composed of three tiers of capital:
Total Capital
Core Capital
Subordinated Capital
Callable Capital
Capital Structure
Core Capital
The Core Capital is a highly liquid funded component of the paid in share capital and, acts as a “first loss” protection to the beneficiaries of credit guarantees. The ultimate shareholder mix will comprise of NSIA and 2 groups of investors, namely; International Development Finance Institutions and Private Institutional Investors.
Callable Capital
The Callable Capital is an unfunded “second loss” component of InfraCredit’s capital structure and it acts as a liquid credit backstop to InfraCredit’s paid in equity (the “Core Capital”). In December 2016, InfraCredit signed a Callable Capital Funding Facility Agreement with GuarantCo (the “Callable Capital”) under the terms of which GuarantCo commits to support any guarantees issued by InfraCredit, up to a maximum value of US$ 50 Million.
Subordinated Capital
In line with InfraCredit’s envisioned capital structure, we have successfully raised $86 million in subordinated capital from two institutional investors, KFW Development Bank and African Development Bank. This type of capital is a supplementary layer of capital after our equity capital and it helps to strengthen InfraCredit’s capital position and guarantee cap.
About us
InfraCredit provides local currency guarantees to enhance the credit quality of debt...
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. InfraCredit’s guarantees would act as a catalyst to attract the investment interest from pension funds, insurance firms and other long term investors, thereby deepening the Nigerian debt capital markets.
Coporate Philosophy
Integrity, Passion, Innovation, Impact and Collaboration
The initial board members include sponsor representatives and compose of highly qualified and experienced members from diverse professional fields.
InfraCredit is committed to the highest standards of corporate governance and best practices, we have a well-established and effective corporate governance framework.
