OCA advises Sun King on its landmark $130M securitization, the first of its kind in Kenya

Congratulations to Sun King on its landmark $130M securitization, the first of its kind in Kenya, which will provide financing and therefore clean energy access for one million customers.

Open Capital and Power Africa advised Sun King on the design strategy for this securitization, including analysis and review of structuring options. Our goal was to set the groundwork for Sun King to attract large institutional investors and reduce hurdles to this first-of-a-kind deal.

“We believe Sun King’s securitization will pave the path for other similar deals and set an important precedent for local African banks to ramp up involvement in Africa’s energy transition,” said Andreas Zeller, Open Capital’s co-CEO. 

Learn more about the transaction here