Alternative debt

Swap repackaging transactions involve the transfer of inflation-linked derivatives exposures held by a bank to an institutional investor better suited to holding long-dated assets. They typically involve highly rated regulated utility companies with the credit exposure ranking in line with, or often senior to (super- senior), their highest-ranking debt.

CCFs are senior short-dated loans (typically <12 months) to private investment funds that are secured against their legally binding Limited Partners (LPs) commitments as well as any fund assets. This form of bridge financing helps private funds smooth their drawdown profile and boost their IRRs.

Belize is the first project where we committed to the issuing of a blue bond, supporting marine conservation. The aim is to significantly reduce the country’s debt service cost. 

At the same time, a proportion of the proceeds and interest payments of the loan will go towards protecting Belize’s barrier reef – the second largest in the world and a UNESCO recognised world heritage site.

Belize source: LGIM as at November 2021

For private corporate and public sector entities seeking to borrow outside of the public markets, we specialise in providing bespoke debt financing across a variety of sectors, structures and geographies.

We provide debt financing across four key infrastructure sectors: energy, transportation, digital and social.

Drawing on LGIM’s position as one of the UK’s largest and most experienced property investors, we provide expertise in senior loans secured against a broad range of property sectors.