Bonds

What Are Project Bonds?

“Project bonds are capital market instruments used to fund or refinance project assets….” In recent years, however, project sponsors have been increasingly focused on the need to free up bank lending capacity that may be locked up in current projects in order to fund the development of new projects. What does project bonding entail? According

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What Are Quasi Sovereign Bonds?

National governments create quasi-government organizations with elements of both the public and private sectors. These organizations sell quasi-government or agency bonds. In the United States, Fannie Mae (Federal Mortgage Association), Freddie Mac, and Hydro-Quebec are examples. Due to their extraordinarily low default rates, quasi-government bonds are highly rated. Although national governments do not guarantee these

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What Are Road Bonds?

There is a pressing demand for investment in transportation capital infrastructure improvements, which much outnumbers available funds. According to estimates, $51.6 billion per year will be required over the next 20 years to maintain the existing state and performance of the roadway system. This requirement compared to expected spending of $38.7 billion each year, resulting

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