INFRACREDIT COMPLETES DRAWDOWN OF AFDB USD$ 10 MILLION SUBORDINATED UNSECURED 10-YEAR FACILITY

Lagos, 15 September 2020: InfraCredit, a ‘AAA’ rated specialised infrastructure credit guarantee institution, is pleased to announce the drawdown of US$10 million subordinated unsecured 10-year facility has been completed under the Subordinated Loan Agreement with the African Development Bank (‘AfDB’ or ‘the Bank’), an international financial institution and multilateral development bank.

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RATING AGENCIES, AGUSTO AND GCR AFFIRM ‘AAA’ LONG TERM CREDIT RATING OF INFRACREDIT, WITH STABLE OUTLOOK

Reflecting the strong fundamentals and credibility of Infrastructure Credit Guarantee Company Limited (“InfraCredit”), foremost rating agencies, Agusto & Co (“Agusto”) and Global Credit Ratings (GCR)

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