Overview
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Explore the fundamentals and benefits of external credit enhancement in this interactive webinar from the Milken Institute's series on Accelerating Securitization in Africa to Finance the SDGs. Delve into the importance of credit enhancement in developing securitization markets, its role in reducing transaction risks, and creating appealing investment opportunities for institutional investors. Learn how it broadens access to a larger, more diversified investor base while potentially reducing interest rates and increasing borrowing size and maturity. Gain insights from industry experts as they review the basics of external credit enhancement, provide illustrated examples of its use, and discuss its potential applications in Africa. Discover the roles of various credit enhancement providers, the differences between internal and external enhancement, and explore case studies such as Bayfront Infrastructure Capital. Understand how credit enhancement supports capital markets development and its context within syndication efforts to finance sustainable development goals in Africa.
Syllabus
Introduction
The African Securitization Alliance
Great Enhancement
Garanco
Benefits of guarantees
Who provides external credit enhancement
Guarantors
RENCO
Internal vs External Enhancement
Overview
Bayfront Infrastructure Capital
Supporting Capital Markets
Syndication
Context
Taught by
Milken Institute