One of the principal growing pains facing tower companies, particularly in emerging markets, is the difficult raising affordable debt to finance construction and acquisitions. To learn about some of the criteria commercial banks use when evaluating and pricing provision of credit to towercos, TowerXchange spoke to Krishna Suryanarayanan, Managing Director, Structured Finance at ING Bank NV in Singapore. Krishna has considerable experience of financing towercos in the Asia Pacific region from developed markets like Australia to developing markets like Indonesia, India and Myanmar.
TowerXchange: The independent tower company business model has been described as highly leverageable - how does it look from the lender’s perspective?
Krishna Suryanarayanan, Managing Director, Structured Finance, ING:
Generally speaking that’s a correct statement.
