Assured Guaranty Ltd. announced that its financial guarantor subsidiaries Assured Guaranty Municipal Corp. (AGM) and Assured Guaranty (Europe) plc have entered into an exclusive Co-Operation Agreement with independent arranger and advisor DTW Capital Solutions (DTW), based in Sydney, Australia.
DTW will act as exclusive origination consultant to Assured Guaranty for the provision of Assured Guaranty financial guarantees in relation to infrastructure finance and structured finance transactions having underlying assets or collateral located in Australia or New Zealand. In this role, DTW will facilitate the introduction of prospective issuers to Assured Guaranty and other market participants undertaking transactions where financial guarantees could be beneficial.
Assured Guaranty and DTW collaborated in 2018 on a wrapped AUD 100 million (US$ 69.85 million) bond issuance for the Port of Brisbane. This transaction marked Assured Guaranty’s re-entry into the Australasian market, where it had been active until the global financial crisis of 2008.
DTW delivers tailored financing solutions to its clients focused on the Australasian borrower market in the infrastructure, commercial real estate, higher education and selected sectors of the consumer finance and corporate markets. It has a specific focus on raising private sector debt capital from such financial institutions as investment funds, pension plans, insurance companies, and banks.