TCX is very pleased to announce that the UK Department for International Development (DFID) has invested GBP 31 million in the Fund. The investment came in form of a subordinated convertible loan maturing in 2045.
The new long-term capital will strengthen the capacity of TCX to provide currency hedges for loans and bonds which finance development projects across Africa, Asia, Latin America and the Middle East. Please find a press release with more information here.