Intertrust Group, a world leader in providing capital markets services to clients in over 30 jurisdictions, has played a pivotal role in facilitating the Liquidity and Sustainability Facility’s (LSF) inaugural $100 million repo transaction with Citi, with funding support from Afreximbank.

Designed by the United Nations Economic Commission for Africa (UNECA), in collaboration with Afreximbank, the LSF aims to enhance the liquidity of African Sovereigns Eurobonds and incentivise investments related to the UN’s Sustainable Development Goals (SDGs) on the African continent. Announced at COP27, this transaction is a key step towards enhancing liquidity in the market on par with international standards.

Intertrust Group was mandated to provide a broad suite of capital market support including corporate governance, administration, and agency services. The transaction represents the latest example of Intertrust Group’s involvement with innovative liquidity instruments.

The Intertrust Group team was led by Brid McNamara (Director – Capital Markets) with Darren O’Toole (Senior Relationship Manager), Brian Groves (Head of Agency Services), Ronan O’Neill (Head of Client Accounting), Enda Grandfield (Agency Services Manager), Conor Sheil (Senior Analyst) and Tara Harris (Relationship Manager).

Anne Flood, Head of Capital Markets, Ireland, at Intertrust Group, has joined the board of the LSF. “I am honoured to join the board and look forward to working with an accomplished team of fellow directors and the Intertrust Group capital markets team to provide the highest level of corporate governance, administration and agency services,” she commented.

Brid McNamara, Director – Capital Markets, at Intertrust Group, said: “We’re proud to support the LSF in achieving its goals: bringing the benefits of a well-developed repo market to the African continent, incentivising green and SDG-related investments and contributing to the enhancement of the liquidity of African sovereign bonds.”

Intertrust Group collaborated with Arthur Cox, White &Case LLP, BNY Mellon and Citi on the structuring and ongoing management of the facility.