The emergence in the 1990s of a nascent project bond market to fund long-term infrastructure projects in developing countries merits attention. The authors compile detailed information on a sample of 105 bonds issued between January 1993 and March 2002 for financing infrastructure projects in developing countries, document their contractual covenants, and analyze their pricing determinants. They find that on average, project bonds are issued at approximately...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2003/07/31
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Рабочий документ в рамках исследования вопросов политики
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WPS3095
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1
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1
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2010/07/01
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The emerging project bond market - covenant provisions and credit spreads
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bond