Language:
English
Pages:
Online-Ressource
Edition:
Online-Ausg. World Bank E-Library Archive Also available in print
Series Statement:
Policy research working paper 2712
Parallel Title:
Dailami, Mansoor Contract risks and credit spread determinants in the international project bond market
Keywords:
Bond market
;
Capital market
;
Economic development projects Finance
;
Infrastructure (Economics) Finance
;
Project finance
;
Risk
;
Bond market
;
Capital market
;
Economic development projects Finance
;
Infrastructure (Economics) Finance
;
Project finance
;
Risk
Abstract:
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
Note:
"November 2001
,
Includes bibliographical references (p. [46]-48)
,
Title from title screen as viewed on Aug. 24, 2002
,
Also available in print.
URL:
Volltext
(Deutschlandweit zugänglich)
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