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 ?
Nakao appreciated the long-term contributions from the Republic of Korea to ADB through capital, trust funds, cofinancing, and knowledge work, and reaffirmed ADBs strong partnership with the country.
Cofinancing and catalyzation is a much-discussed strategy in the international community to realize the Sustainable Development Goals,' said Mr.
The project marked ADB's first cofinancing with the Asian Infrastructure Investment Bank (AIIB).
Jin and his team discussed for an hour future collaboration including cofinancing, and confirmed their commitment to working together for Asia.
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.
Commission officials said that they believed that the UK was primarily interested in cofinancing.
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.
ESA and SES ASTRA are focusing on a market driven development, reflected by the partners cofinancing the development.
Project appraisals have recently begun for both projects, for which ADB and NDB teams are working to complete due diligence, finalize costs, and determine cofinancing arrangements.
ISLAMABAD -- The Asian Development Bank (ADB) on Friday approved a $100 million loan for a highway project in Pakistan that will mark its first cofinancing with the Asian Infrastructure Investment Bank (AIIB).