Contract risks and credit spread determinants in the international project bond market
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Author
Contributions
- Hauswald, Robert. - Contributor
- World Bank Institute. Governance, Regulation, and Finance Division. - Contributor
Publication
2001 - World Bank, World Bank Institute, Governance, Regulation, and Finance Division, Washington, D.C, District of Columbia
Language
English
Word Count
0 words, Guess
Page Count
0 pages
Physical Format
Electronic resource
Identifiers
- Library of Congress Control Number2002615786
- Open LibraryOL3669045M
Classifications
- LCCHG3881.5.W57
Description
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.
Subjects
Series Statement
- Policy research working paper ;
- 2712
- Policy research working papers (Online) ;
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