Exclusive: Falklands Government Shatters Fundraising Goals for Massive Investments!

Amidst the crisp ocean breeze and picturesque landscapes of the Falkland Islands, a new chapter unfolds as the Falkland Islands Government (FIG) secures a substantial amount of £150 million for future capital investments. This significant achievement sets the stage for crucial projects that will shape the infrastructure and economy of the Falklands in the years to come.

Key points from the article include:

Replacement of FIPASS and Development of a New Power Station
- Two major projects at the forefront of FIG’s agenda are the replacement of FIPASS and the development of a new Power Station. Both projects are vital pieces of infrastructure that will support the Falkland Islands’ economic growth and sustainability.
Successful Fundraising Efforts
- The funds were raised through a debut private placement, expertly arranged with the assistance of Rothschild & Co. A substantial investment of £100 million from L&G and £50 million from Aberdeen Group PLC solidified FIG’s financial backing.
Competitive Terms and Long-Term Repayment Plan
- FIG secured competitive terms for the £150 million unsecured fixed interest note offering. The funds will be repaid in various tranches over the next 25 years, with the first repayment scheduled for 2040.

In a statement, MLA Roger Spink, Portfolio Holder for The Treasury, expressed his satisfaction with the successful investment, highlighting the confidence it reflects in the Falkland Islands’ financial standing and economy. The injection of funds will enable FIG to move forward with critical projects, ensuring the replacement of FIPASS and the establishment of a new Power Station.

Acknowledging the significance of institutional investment, Steve Bolton, Head of Corporate Private Credit at L&G, emphasized the role it plays in supporting long-term infrastructure projects that have a tangible impact on society and the economy. Similarly, Andrew Dennis, Head of Private Placements at Aberdeen, reiterated their commitment to supporting FIG’s capital program and growth plans with their patient capital approach.

As the Falklands Government paves the way for a brighter future through strategic investments and sustainable development, the successful fundraising efforts mark a significant milestone in the island’s journey towards progress and prosperity.