Co-financing

(redirected from Cofinancing)

Co-financing

A type of financing in which the different lenders agree to fund under the same documentation and security packages but may have different interest rates, repayment profiles, and terms.

Co-Financing

The act or practice in which two different lenders agree to finance a single project for a borrower. For example, two lenders may agree to extend loans to start a business. The co-financiers use the same information and documentation when executing this arrangement, but the loans may have different terms. See also: Cofinancing agreement.
References in periodicals archive ?
Combined with ADB s own capital and that of commercial cofinancing partners, the fund is expected to provide financing of at least $6 billion and will enable ADB to expand large-scale private infrastructure operations by leveraging JICA s official development assistance resources and risk-bearing capacity.
Jin and his team discussed for an hour future collaboration including cofinancing, and confirmed their commitment to working together for Asia.
The Inter-American Development Bank (IDB) will lend $400 million and the remaining $50 million will be contributed by the Chinese Cofinancing Fund (FCC).
23 (ANI): The Board of Directors of ADB yesterday approved the appointment of Lakshmi Venkatachalam from India as Vice-President (Private Sector and Cofinancing Operations) for a term of three years.
They also called for stronger institutional and operational cooperation in line with the framework cofinancing agreement signed between IDB and ADB in September 2008.
The GEF funding came from a core trust fund and cofinancing arrangements.
Bronfman also indicated Universal would continue to pursue cofinancing and third-party funding for projects.
5 /PRNewswire/ -- Inter-American Investment Corporation ("IIC") has finalized a US$ 41 million cofinancing package for the development of a nitrate mining project in Chile.
ESA and SES ASTRA are focusing on a market driven development, reflected by the partners cofinancing the development.
Asian Development Bank (ADB) President Takehiko Nakao signed a groundbreaking cofinancing framework with Kazakhstan Prime Minister Karim Massimov at the opening ceremony of ADB's 47th Annual Meeting today in Astana.
At the same time, the report highlights that more progress is required in areas such as cofinancing, support for education, and success rates of completed projects, along with more efforts to raise the staffing level and budget resources within ADB to better support its expanding operations.
6 million, and US$18 million in cofinancing is expected from other multilateral and bilateral sources.