Contract risks and credit spread determinants in the international project bond market:

In infrastructure projects bondholders and shareholders share residual risks over time despite debt covenants meant to mitigate risk shifting. For projects accessing international bond markets to benefit from longer maturities and lower borrowing costs, it is therfore necessary to pay attention to s...

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Bibliographische Detailangaben
1. Verfasser: Dailami, Mansoor (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C World Bank, World Bank Institute, Governance, Regulation, and Finance Division 2001
Schriftenreihe:Policy research working paper 2712
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Online-Zugang:Volltext
Zusammenfassung:In infrastructure projects bondholders and shareholders share residual risks over time despite debt covenants meant to mitigate risk shifting. For projects accessing international bond markets to benefit from longer maturities and lower borrowing costs, it is therfore necessary to pay attention to such design features as capital structure, guarantees, off-take agreement, and project economics
Beschreibung:"November 2001. - Includes bibliographical references (p. [46]-48). - Title from title screen as viewed on Aug. 24, 2002
Erscheinungsjahr in Vorlageform:[2001]
Weitere Ausgabe: Dailami, Mansoor: Contract risks and credit spread determinants in the international project bond market
Beschreibung:1 Online-Ressource (48 Seiten)