Looking at CPI debt as a funding and hedging mechanism

Looking at CPI debt as a funding and hedging mechanism

Lionel Kruger Project Finance & Infrastructure November 2018

This article was first published by Ai Magazine.

Africa needs greater private participation in debt funding, particularly to support the financing of large-scale green infrastructure schemes such as renewable energy projects. Until now, owners of long-dated debt instruments, including local pension funds and insurers in sub-Saharan Africa who are natural holders of long dated inflation linked bonds, have been reticent to invest in long-dated infrastructure projects.

The exception to this trend can be found in South Africa, where pension funds have been leading the way, focusing initially on South African projects before increasing their investments in projects in the rest of sub-Saharan Africa.

Click here to read the full article.

For more information, please contact Lionel Kruger, Director at JCRA on 0207 493 3310, or email Lionel.Kruger@jcrauk.com.


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