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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Main Authors:Dailami, Mansoor
Corporate Authors:World Bank Institute
Other Authors:Hauswald, Robert
Format: Online-Resource
Language:English
Published:Washington, D.C : World Bank, World Bank Institute, Governance, Regulation, and Finance Division, 2001
Series:Policy research working paper
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