InfraCredit - Förderung eines Kreditgarantiefonds für Infrastruktur in Nigeria InfraCredit - Credit Guarantee Facility for Infrastructure in Nigeria Infrastrukturunternehmen in Nigeria refinanzieren sich trotz der langfristigen Planungszeiträume von Infrastrukturinvestitionen überwiegend über kurzfristige, häufig in Fremdwährung denominierte Bankkredite, da ihnen keine langfristigen Finanzierungsmöglichkeiten in Lokalwährung am nigerianischen Kapitalmarkt zur Verfügung stehen. Das FZ-Vorhaben hat zum Ziel, über die Zusammenarbeit mit InfraCredit, der ersten Kreditgarantiefazilität für Infrastrukturfinanzierung in Nigeria, einen Beitrag zur Mobilisierung von lokalem privatem Kapital für Investitionen in Infrastruktur zu leisten. InfraCredit garantiert Lokalwährungsanleihen von Infrastrukturunternehmen, die so ihr Rating verbessern und für den lokalen Markt attraktiv werden. Insbesondere lokale Pensionsfonds haben ein großes Interesse, in Lokalwährungsanleihen guter Qualität zu investieren. Um sein Geschäftsmodell erfolgreich umzusetzen, benötigt InfraCredit eine angemessene Kapitalausstattung, um die ausgegebenen Garantien mit Eigenkapital unterlegen zu können. Die Bereitstellung eines eigenkapitalanrechnungsfähigen FZ-Nachrangdarlehens ermöglicht es InfraCredit, sein Garantieportfolio auszuweiten und Kreditgarantien für Infrastrukturfinanzierung erfolgreich am nigerianischen Kapitalmarkt einzuführen. Die von InfraCredit bereitgestellten Kreditgarantien verbessern die Finanzierungssituation für Infrastrukturunternehmen maßgeblich und führen zum Ausbau und zur Instandsetzung von Infrastruktur. So werden Arbeitsplätze im Baugewerbe gesichert und neu geschaffen und die ökonomische Aktivität von Unternehmen in den betroffenen Regionen unterstützt. Ebenso verbessern sich die Lebensbedingungen der Bevölkerung im Einzugsgebiet der durch die Garantien ermöglichten Projekte. Despite the long-term planning periods for infrastructure investments, infrastructure companies in Nigeria mainly refinance themselves through short-term bank loans, often denominated in foreign currency, as there are hardly any long-term financing options in local currency on the Nigerian capital market. The Financial Cooperation project aims at contributing to the mobilisation of local private capital for investments in infrastructure through the cooperation with InfraCredit, the first credit guarantee facility for infrastructure finance in Nigeria. InfraCredit guarantees local currency bonds of infrastructure companies, by that improving their ratings making them more attractive for the local capital market. Local pension funds in particular have a strong interest in investing in good quality local currency bonds. In order to successfully implement its business model, InfraCredit needs adequate capital resources to back the issued guarantees with equity. The granting of an equity-eligible subordinated loan enables InfraCredit to expand its guarantee portfolio and successfully introduce guarantees for infrastructure financing to the Nigerian capital market.InfraCredit's loan guarantees improve the financing situation of infrastructure companies significantly and thus lead to the expansion and maintenance of infrastructure. This secures and creates jobs in the construction sector and increases the economic activity of companies in the affected areas. Similarly, living conditions by households in areas covered by the projects improve. Mobilisierung von lokalem privaten Kapital für die Finanzierung und den nachhaltigen Aufbau von Infrastruktur Despite the long-term planning periods for infrastructure investments, infrastructure companies in Nigeria mainly refinance themselves through short-term bank loans, often denominated in foreign currency, as there are hardly any long-term financing options in local currency on the Nigerian capital market. The Financial Cooperation project aims at contributing to the mobilisation of local private capital for investments in infrastructure through the cooperation with InfraCredit, the first credit guarantee facility for infrastructure finance in Nigeria. InfraCredit guarantees local currency bonds of infrastructure companies, by that improving their ratings making them more attractive for the local capital market. Local pension funds in particular have a strong interest in investing in good quality local currency bonds. In order to successfully implement its business model, InfraCredit needs adequate capital resources to back the issued guarantees with equity. The granting of an equity-eligible subordinated loan enables InfraCredit to expand its guarantee portfolio and successfully introduce guarantees for infrastructure financing to the Nigerian capital market.InfraCredit's loan guarantees improve the financing situation of infrastructure companies significantly and thus lead to the expansion and maintenance of infrastructure. This secures and creates jobs in the construction sector and increases the economic activity of companies in the affected areas. Similarly, living conditions by households in areas covered by the projects improve.