The African Trade & Investment Development Insurance (ATIDI) supported a EUR507.5 million loan from Deutsche Bank to the Republic of Benin by providing a second-loss guarantee.
This financing, arranged solely by Deutsche Bank, is bolstered by a EUR 200 million first-loss guarantee from the International Development Association (IDA) of the World Bank Group, with ATIDI covering the remaining principal and interest.
The transaction, finalized on January 8, 2025, enhances Benin’s access to cost-effective, long-term financing, reducing borrowing costs and boosting investor confidence.
It aligns with Benin’s sustainable development goals (SDGs) by reprofiling debt, extending maturities, and redirecting savings to priority projects.
The deal, part of the World Bank’s new guarantee platform launched in July 2024, coincided with Benin’s issuance of a $500 million bond and a debt buyback targeting EUR250 million of its 2032 notes.
ATIDI’s involvement highlights its role in de-risking African economies and fostering innovative financial solutions, in partnership with institutions like Deutsche Bank and the World Bank Group, to promote economic stability and sustainable growth across the continent.
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