How UK-first project bond solved negative carry

• Autores: Tom Young
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 33, Nº. 4, 2014, págs. 38-39
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • A Scottish roads project financing could solve the problem of negative carry that has long blocked the infrastructure sector's funding streams; The forward purchase bonds, which ease concerns of investors and sponsors, could lead to copycat deals; The deal features other firsts, including an unwrapped construction phase project bond pari-passu with an EIB loan.