Ireland-based Restorium Capital Limited has unveiled three products and services to address funding gaps in the financial market.
These products: trade finance and credit enhancement services, project and business financing services and stock loan funding for publicly traded stocks on the Nigerian Bourse were unveiled last weekend by the Managing Director, Omotayo Adeola during a virtual news conference.
Trade finance and credit enhancement services are for businesses, importers, manufacturers, through the issuance of Letters of Credits, bank guarantees and proof of funds without collateral. The project and business financing service to private and public companies is through debt, equity or a mix of funding solutions, such as refinancing of existing loans and purchase of existing facilities.
Adeola said the company has enormous potential to support companies and governments with huge dollar-based funding and could provide as much as $1billion to any public-private partnership deal.
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At the virtual press conference she said the company decided to choose Nigeria as its first country of operations in Africa because of its belief in the economy and its potential, adding that the company’s next expansion will be to Ghana by the second or third quarter of the year.
“The company will expand gradually across the Anglophone African countries and subsequently spread to Francophone African countries because of its passion for African development as a company of African origin”, she added.
The company’s financing capacity cuts across the whole breadth of the economy while it provides specialised services across several functions including financial advisory, project financing, capital raising and structured trade finance services, among others.
While the company, as a wholesale financier, has a minimum level of funding deal it engages in, specific project will determine the maximum funding requirement as the company has a global network of partners that are ready to provide funding for any viable project.
Under its humanitarian funding for projects that helps humanity including social housing, agric business, renewable energy and waste to wealth among others, the company can provide funding from $5 million to $500 million.
Under its debt funding for private companies and private-public partnership projects, the company can provide straight loan against interest from $20 million and above. For private equity funding, the deal size starts from $15 million.
For the stock loan funding for publicly traded stocks on the Nigerian Stock Exchange (NSE), such stocks must have minimum daily trading volume of $250,000. Minimum loan size for stock loan funding is $1 million with no ceiling.
Adeola outlined that Restorium Capital was set up to assist prospecting businesses, governments and corporate institutions to achieve their enormous potentials, by linking them with various developmental and investment funds out in Europe, America, Asia and worldwide.
