Country trade data

• Guarantee over local currency loan: Partial guarantee provided by GuarantCo (in collaboration with other guarantors if required) to the beneficiary or provider of the debt
• Covers the non-payment of scheduled debt service of the underlying loan between the beneficiary and the borrower up to the limit of the guarantee
• A recourse agreement is required between the borrower and GuarantCo to cover, amongst other provisions, the payment of fees to GuarantCo and the rights and obligations among the borrower, GuarantCo, and the beneficiary following a call under the guarantee
• Guarantee over local currency bond: Involves a similar structure to a guarantee over a local currency loan except that the beneficiary will usually be the note trustee acting on behalf of all the noteholders
• Cover available (for any single transaction): Between USD 5 million to USD 50 million or the equivalent amount in local currency
• Will not typically cover more than 50% of the total debt of the project or corporate
• Can cover senior and subordinated debt but not equity
• Maximum tenor is 15 years
• GuarantCo can also provide partial credit and partial risk guarantees, first loss guarantees, tenor extension, or liquidity guarantees, and can provide joint guarantees or counter-guarantees

• GuarantCo has a zero-tolerance policy towards fraud, bribery, and corruption of any kind, and will not conduct business with anyone who does not support its anti-fraud, bribery, and corruption objectives

• All projects supported by GuarantCo must comply with environmental, social, and health and safety standards in accordance with the International Finance Corporation (IFC) Performance Standards, as well as local laws

• 2023: Swedish International Development Cooperation Agency provides GuarantCo with a USD 100 million, 20-year re-guarantee facility to alleviate poverty across Africa and Asia