The IJGlobal Awards celebrate standout greenfield and refinancing deals across the energy and infrastructure industry, and the companies delivered them during 2025. GuarantCo’s Asia Investments team were recognised for eight highly innovative transactions that reached financial close last year.
The team’s most active market in 2025 was India, with half of its transactions completed there. GuarantCo provided a USD 12.5 million partial credit guarantee for a bond issued by Vivriti Capital, an impact focused non-bank financial institution, to support on-lending to under-served businesses engaged in sustainable infrastructure and climate-focused initiatives. GuarantCo partially credit guaranteed (c. USD 49.7 million) the first green bond issuance by KPI Green Energy, a publicly listed renewable energy developer and operator. A partial guarantee (USD 11 million) was also provided by GuarantCo for a green bond issuance by Muthoot Capital to support consumers in rural locations to purchase electric two-wheelers. A partial credit guarantee of USD 17.3 million was provided for an Axis Bank loan facility for Chartered Speed to scale its electric bus fleet.
GuarantCo also completed two transactions in Cambodia. A payment default guarantee of up to USD 16 million was provided to First Finance to support the microfinancing of affordable housing. While a USD 50 million payment default guarantee supported a bond issuance by THACO Agri to expand its fruit circular farming, production and export business.
Elsewhere, GuarantCo provided a payment default guarantee of USD 41.5 million to Trade and Development Bank of Mongolia to be on-lent to eligible green and social infrastructure projects. GuarantCo also backed Vietnam’s first green bond in the plastics sector with a guarantee of c. USD 20 million for Binh Thuan Plastic Group Joint Stock Company, supporting the recycling of plastic pallets and the broader transition to a circular economy.
Nishant Kumar, Managing Director of Asia Investments at GuarantCo and Head of Coverage – Asia at PIDG, said:
“We are delighted to receive this recognition for the innovative credit solutions we delivered last year and the resulting market transformation they are set to achieve. GuarantCo, as part of PIDG, are at the leading edge of private capital mobilisation for sustainable infrastructure finance across South and Southeast Asia.”
