Public Enterprise Finance
Financing for development of infrastructure undertaken by State Owned Enterprises (SOEs) as regional or national initiatives.
| Sector identification |
Airports; bulk water supply and distribution; education and health facilities; oil and gas exploration, including pipeline and refining; port facilities; power generation; rail transportation; roads; (tele) communication systems, transmission and distribution facilities; transportation; waste management infrastructure; urban transportation |
| Eligibility |
Minimum credit rating achieved as determined by DBN's credit rating model based on DBN's assessment of the SOE's financial standing, management capabilities, governance practices and current debt position |
| Financing options |
- Direct loans for infrastructure.
- Subordinated debt/mezzanine financing.
- Participation in syndication facility (co-funding).
- Current minimum of N$ 3 million.
|
| Security |
Determined on a project by project basis, taking into account the credit rating score and risks identified. |
| Repayment period |
Maximum 20 years (including grace period). |
| Interest rate |
- Determined on a project by project basis taking into account the cost of capital to DBN, an SOE's credit rating and risks identified.
- In certain cases an interest rate rebate may be offered based on the quality of security offered.
- Interest can be capitalised during the grace period.
|
| Grace period |
Tailored to the construction and ramp up of the project. |