Africa and the infrastructure sector: SACE new business solutions. AFDB Tunisi, 8-9 march 2010

Transcription

1 Africa and the infrastructure sector: SACE new business solutions AFDB Tunisi, 8-9 march 2010

2 Titolo presentazione Index Business Areas Africa Programme SACE 2

3 Business Areas Are you an exporter wanting to offer favourable payment terms? Export credit and project finance Over 20 bln of outstanding guarantees Looking to invest in high-risk countries? Protection of foreign investments From small joint-ventures to large-scale investments and acquisitions Difficulties getting access to domestic credit? Financial guarantees Loans for 3.3 bln guaranteed in 2008, serving over 1,300 SMEs Need to grant extended payment terms? Credit insurance 15 bln of commercial credits insured Bidding for contracts in Italy and abroad? Surety and construction all risks 75,000 policies issued 3

4 Titolo Capitolo Highlights Export credit and project finance Surety Products Competitive terms of payment to buyers of Italian goods & services Longer tenors Reduced all in costs Direct Issuance of Bonds Issuer SACE: Aa2 Moody rating all obligations guaranteed by the Republic of Italy Beneficiaries: Foreign counterparties to Italian companies Advantages for exporters Advantages for exporters Increase exporter s competitiveness Credit protection, even in emerging countries Preservation of credit lines Smooth and fast execution due to the limited number of counterparties involved Diversification of funding sources 4

5 Bonding Credentials Commitment: 360 mln Guaranteed: CITI Bank Country: Algeria Commitment: 300 mln Insured: SWISS Re Country: USA Commitment: $ 200 mln Lead Arranger: Calyon Country: Saudi Arabia Commitment: $ 180 mln Insured: Zurich NA Country: Panama Commitment: $ 35 mln Insured: BNPParibas Country: Egypt October 2008 March 2008 July 2009 July 2009 July 2008 Commitment: $ 100 mln Beneficiary: FIA Country: France Commitment: 58 mln Beneficiary: BNDES Country: Brazil Commitment: 18 mln Insured: UBAE Country: Algeria Commitment: 25 mln Insured: Zurich Insurance Co. Country: South Africa Commitment: 5 mln Insured: BNL BNPParibas Country: Libya February 2006 February 2006 January 2009 August 2008 October 2008 Commitment: 10 mln Insured: B.que Nationale d Algerie Country: Algeria Commitment: 8 mln Beneficiary: Unicredit Country: United Kingdom Commitment: 26 mln Guaranteed: BNP Paribas Country: Libya Commitment: 78 mln Insured: Deutsche Bank Country: India Commitment: 9,5 mln Insured: BNP Paribas Country: Netherlands February 2008 April 2008 May 2009 June 2006 February

6 Africa Programme: SACE s approach OPEN: Potential involvement in all kind of transactions TUNISIA 2009 OPEN WITH RESTRICTIONS: Restrictions may apply depending on: counterparts (i.e. sovereign) amounts (i.e. cap for country or single transaction) tenors (i.e. short, medium-long term) OPEN ON A CASE-BY-CASE BASIS: No cover available. Potential exceptions (on caseby-case basis): project finance; co-financing with Multilaterals, local/regional development banks and other ECAs; investments; non-credit risks CAPE VERDE 2005 GAMBIA, THE GUINEA- BISSAU SENEGAL MAURITANIA GUINEA SIERRA LEONE COTE D IVOIRE LIBERIA MALI BURKINA FASO GHANA TOGO ALGERIA BENIN SAO TOMÉ AND PRINCIPE NIGERIA NIGER EQUATORIAL GUINEA CAMEROO N LIBIA CHAD CENTRAL AFRICAN REPUBLIC CONGO, GABONREPUBLIC CONGO, DEMOCRATIC REPUBLIC EGITTO S U D A N UGAND A RWANDA BURUNDI TANZANIA ETHIOPIA KENYA ERITREA DJIBOUTI SOMALI A SEYCHELLES ANGOLA Z A M B I A MALAWI COMORO S MAURITIUS NAMIBIA ZIMBABWE MOZAMBIQUE, REPUBLIC M A D A G A S C A R BOTSWANA SWAZILAN D LESOTHO SOUTH AFRICA 6

7 Transactions in Sub-Saharan Africa Jubilee Field C.Verde Fogo Island Ayan Food Matforce Cotega SA Merchant Bank Ghana 60 mln Market Window 2.12 mln Advance Payment & Performance Bonds 0.63 mln Supplier Credit 0.03 mln Online Policy 1.83 mln L/C Confirmation O&G field development Infrastructure works Pasta processing plant Supplies for machinery Autotransformer supplies 2009 Ghana 2009 Cape Verde 2008 Ethiopia 2008 Gabon 2009 Ghana BHF Bank Armada Oyo NedBank SA Precision Air Kagera Sugar 3.6 mln Buyer Credit mln Project Finance 75 mln Notes Subscription 7.52 mln Buyer Credit 0.53 mln Supplier Credit Supplies for granite plant Import Financing Untied Aircraft supplies Irrigation system 2008 Kenya 2009 Nigeria 2009 South Africa 2009 Tanzania 2009 Tanzania 7

8 To contact SACE Head office Rome Piazza Poli 37/ Rome Tel Fax Customer care Local branches Rome Piazza Poli, 37/ Rome Tel Fax Milan Via A. De Togni, Milan Tel Fax Turin c/o ICE - Via Bogino, Turin Tel. +39, Fax +39, Venice - Mestre Viale Ancona, Venice Tel Fax Modena Via Elsa Morante, Modena Tel Fax Lucca Via Dante Alighieri, Lucca Tel Fax Representative offices Hong Kong 40/f Suite Central Plaza 18 Harbour Road - Wanchai, Hong Kong Tel , Fax Johannesburg Chester Road, Parkwood Johannesburg Tel Fax Moscow Krasnopresnenskaja Naberejnaja, Moscow - Office n.1202 Tel Fax Sao Paulo Avenida Paulista andar Sao Paulo Tel Fax