Digital Credit Committee
Credit request KGC-2419, Kigali Green City
A structured credit paper with coverage ratios, collateral analysis, member voting, conditions and a permanent audit trail. Nothing can be edited retroactively.
Committee in session
Requested amount
$52.0M
Senior term facility
Recommended amount
$46.5M
After coverage sizing
Minimum DSCR
1.42x
Covenant floor 1.25x
Internal risk score
78 / 100
Grade A
Credit request
| Term | Value | Note |
|---|---|---|
| Borrower | Kigali Green City Development Ltd | SPV, Rwanda |
| Purpose | Phase-one infrastructure and vertical works | Use of proceeds verified |
| Requested amount | USD 52,000,000 | Senior secured |
| Recommended amount | USD 46,500,000 | Sized on 1.35x minimum DSCR |
| Tenor | 12 years | Semi-annual amortisation |
| Grace period | 24 months | Aligned to construction |
| DSCR | 1.42x minimum, 1.78x average | Base case |
| LTV | 58% | On completed valuation |
| Leverage | 3.1x net debt / EBITDA | Stabilised year |
| Collateral | Land, buildings, revenue accounts, share pledge | Coverage 1.6x |
Committee decision
Each action is recorded with member, timestamp and rationale.
Comments
Risk Director
Coverage is acceptable provided the debt service reserve is funded at first drawdown.
Head of Structuring
Recommend a 12-month grace period aligned to the construction schedule.
Voting
- Head of CreditApprove with conditions09:14
- Risk DirectorApprove with conditions09:18
- Head of StructuringApprove09:21
- Compliance OfficerRequest more information09:26
Audit trail
- 08:52, Credit paper generated from dossier KGC-2419
- 08:58, Financial model v4 attached
- 09:02, Risk assessment v2 attached
- 09:14, Vote recorded: Head of Credit
- 09:26, Information request raised by Compliance
Demonstration dataset, not live market data