IDF Offerings
CoverMark Infra Debt Fund (CoverMark IDF) offers refinancing solutions to eligible borrowers (Infrastructure projects which have completed at least 1 year of satisfactory operations) in sectors like Road, Port, and Airport in line with regulatory guidelines.
CoverMark IDF offers lower-cost refinance, elongated tenures and structured repayment/ redemption schedules which match the cash flow of the project. These are credit enhancements that would improve viability of projects.
CoverMark IDF would finance operating projects in key sectors with the objective of having a well-diversified portfolio across sectors, project type, geography, and promoter groups
Roads - Annuity & Toll
• Annuity and Toll and road projects
• Guarantee from NHAI (AAA gov’t rated entity)
Ports
• Investment in ports & sub-concessions for berths etc at ports
• Buyback from Port Trusts (major ports owned by govt)
Airports
• Existing airport projects (operational)
• Guarantee from Airport Authority (gov’t owned concession authority)
Urban Infrastructure
• Urban infra projects
• Guarantee from gov’t owned entity
Renewable Energy
• Solar Power, Wind Power, Mini Hydro Power
• Power purchase agreement with gov’t owned entities