Contract risks and credit spread determinants in the international project bond market / Mansoor Dailami and Robert Hauswald
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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| Autores principales: | Dailami, Mansoor |
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| Autores Corporativos: | World Bank Institute |
| Otros Autores: | Hauswald, Robert |
| Formato: | Online-Resource |
| Lenguaje: | English |
| Publicado: | Washington, D.C : World Bank, World Bank Institute, Governance, Regulation, and Finance Division, 2001 |
| Colección: | Policy research working paper
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| Materias: | |
| Acceso en línea: | URL des Erstveröffentlichers |
| Sumario: | 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 |
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| Notas: | "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 |
| Descripción Física: | 1 Online-Ressource (48 Seiten) |
