KfW invests €31 million in InfraCredit to enhance infrastructure in Nigeria

Largest development bank in Europe, KfW Development Bank, has invested €31 million surbordinated unsecured capital in InfraCredit to enhance infrastructure investments in Nigeria. The 10-year investment, which is accompanied by a technical assistance grant to support InfraCredit’s market development and capacity building programme, would also strengthen its guarantee capacity, enable it achieve targeted capitalisation and bolster its balance sheet.The investment promotes an innovative catalytic second loss paid-in capital incorporated into InfraCredit’s capital structure, and its repayment will be subordinated to the payment of all senior indebtedness, including beneficiaries of its credit guarantees in the event of any bankruptcy, liquidation or other similar events. ReadMore: