KFW Development Bank Invests €31 Million (USD Equiv) Surbordinated Capital In InfraCredit

Infrastructure Credit Guarantee Company Limited (“InfraCredit”) is pleased to announce the successful closing of a €31 million (USD Equiv) subordinated capital investment by its new investor, KfW Development Bank (“KfW”).

InfraCredit is a specialised infrastructure credit enhancement facility established by the Nigeria Sovereign Investment Authority (“NSIA”) in collaboration with GuarantCo (a member of the Private Infrastructure Development Group (“PIDG”), to provide guarantees that enhance the credit quality of local currency debt instruments issued to finance eligible infrastructure projects in Nigeria.

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