Infrastructure Funds

Overview
Infra Debt Fund Structure
Who we are
IDF Offerings
Corporate Governance

Infra Debt Fund Structure

Equity Investor

CoverMark Infrastructure Finance Company Limited (Sponsor) and Financial Investors

Debt Investor

Debt in the form of local currency and foreign currency bonds would be raised by leveraging equity. Long term debt instruments of CoverMark Infra Debt Fund Limited are AAA rated

Funds raised through equity and debt would be invested in a portfolio of operational infrastructure projects.

Structure of IDF

Sponsors + Financial Investors (Equity)

Debt Investors

CoverMark IDF (an IDF-NBFC) AAA Rated

Tax Benefits

Company incorporated under The Companies Act,

Project 1

Project 2

Project 3

RISK FLOW

Benefit of IDF - NBFC Structure

• Project portfolio diversified by sector, project type, geography and sponsor

• Sponsor Equity represents the 1st loss piece

• In key sectors like Roads & Ports, CoverMark IDF would have a Termination compensation (i.e. Guarantee)from a government- owned Project Authority in specified events of default, which would cover 100% of the debt provided by CoverMark IDF.

• Lower withholding tax (5%) for foreign investors.