1. Bonds, Loans & Sukuk Nigeria Briefing Day
The role of ECAs, DFIs and IFIs to develop market access for Nigerian borrowers
Monday, November 21, 2016
Four Points by Sheraton, Lagos

2. IFC’s Vision & Purpose

3. IFC OVERVIEW

4. IFC OVERVIEW
How we provide support – building effective long term partnerships

5. IFC OVERVIEW Africa committed portfolio – $8.22 billion
Nigeria committed portfolio – $1.7 billion

6. MIGA: provides PRG cover (expropriation, T&C, Breach of contract etc)
IFC/WB MOBILISATION programs are the keys pillars of attracting more international lenders to participate in the Nigerian project and export loan markets
B Loan Program: Offer international lenders Preferred Creditor Status cover (example financings for Eleme, Indorama Port and FCMB)
MIGA: provides PRG cover (expropriation, T&C, Breach of contract etc)
WB IDA PRG: cover for termination risk (example Azura)
Managed Co-lending Portfolio Program (MCPP): Crowding in Institutional Investors and Insurance companies to participate in IFC assets on a portfolio basis with full execution delegation to IFC (example FCMB and GTB)
Bonds: credit enhanced structures, capital markets development through local currency bonds, participating in corporate bond issuances as an anchor investor creates market confidence
In Fiscal Year 2016:
IFC mobilized more than $7.7 billion for investment in developing countries
IFC syndicated about $5.4 billion provided by 87 financial institutions
The syndicated loan portfolio totaled $16.6 billion at the end of FY16
Emerging market financial institutions provided $2.1 billion in new syndicated loans e.g.
50% of the new syndicated loans we provided went to borrowers in IDA countries
Borrowers in the infrastructure sector received 64% of the total volume

7. IFC/WB MOBILISATION programs are the keys pillars of attracting more international lenders to participate in the Nigerian project and export loan markets… CONT’D
Enabling environment: working with World Bank for example on the power to gas initiative, advisory work on PPPs etc
Master Cooperation Agreement: through collaboration agreements DFIs are able to create efficiencies in the way they do business for their clients and also provides standardization of documentation
IFC signed 28 other DFIs in to the Master Cooperation Agreement – likes of FMO, DEG, Proparco, Swedfund, CDC, OFID….

8. IFC has a strong focus on debt capital markets

9. IFC is an active issuer

10. IFC has a strong focus on debt capital markets

11. ISSUING IN LOCAL MARKETS

12. Local currency issue Case study – IFC naija bond

13. IFC’s core debt capital markets offerings

14. Appendices

15. IFC ISSUANCES IN LOCAL MARKETS

16. Product overview – anchor investments

17. Product overview – partial credit guarantees

18. Product overview – client risk management products