The Emerging Project Bond Market : Covenant Provisions and Credit Spreads

The Emerging Project Bond Market : Covenant Provisions and Credit Spreads

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...

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Bibliographic Details
Main Authors: Dailami, Mansoor, Hauswald, Robert
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
EMERGING ECONOMIES
BOND OPTIONS
COVENANTS
CREDIT SYSTEMS
MARKET ANALYSIS
INFRASTRUCTURE PROJECTS
DEVELOPING COUNTRIES
PRICE CONTINGENCIES
SECURITIES REGULATION
BOND PRICES
CORPORATE BONDS
LEGAL FRAMEWORK
CONTRACT COMMITMENT
INSTITUTIONAL FRAMEWORK
CONTRACT ENFORCEMENT
ECONOMETRIC MODELS OF INTERNATIONAL TRADE
RULE OF LAW
FUNDING CAPACITY ACCESS TO FINANCING
ADVERSE CONSEQUENCES
AIRPORTS
ASSET DIVERSIFICATION
ASSET SALE
ASSET SUBSTITUTION
ASSET-BACKED SECURITIES
BALANCE SHEET
BANK LOANS
BANKRUPTCY
BANKRUPTCY CODE
BANKRUPTCY PROCEEDINGS
BONDS
BORROWING
CAPACITY BUILDING
CAPITAL FLOWS
CAPITAL INVESTMENT
CAPITAL MARKETS
CAPITALIZATION
CASH FLOW
CASH FLOWS
COMMON STOCK
CONTRACTUAL ARRANGEMENTS
CORPORATE FINANCE
CORPORATE GOVERNANCE
CREDIT RATING
CREDIT RATINGS
CREDIT RISK
CREDITOR
CREDITWORTHINESS
DEBT
DEBT COVENANTS
DEBT INSTRUMENTS
DEBT SECURITIES
DEBT SERVICE
DEBTOR
DIVIDENDS
ECONOMETRIC ANALYSIS
ECONOMIC GROWTH
ECONOMICS
FINANCIAL INSTITUTIONS
FINANCIAL RISK
FINANCIAL STRUCTURE
FIXED ASSET
GDP
INSTITUTIONAL DEVELOPMENT
INSURANCE
INTERNATIONAL BOND MARKETS
INTERNATIONAL BONDS
LAWS
LIQUIDATION
LIQUIDITY
MARKET RISK
MATURITIES
PENALTIES
PORTS
PRIVATIZATION
PROJECT FINANCING
PROPERTY RIGHTS
PROVISIONS
PUBLIC DEBT
PUBLIC SECTOR
REDEMPTION
REGRESSION ANALYSIS
RESERVE ACCOUNTS
RISK FACTORS
RISK PREMIA
RISK SHARING
ROADS
SECURITIES
SUNK COSTS
TAX
TAX LAW
TRANSACTION COSTS
TRANSPORT
TREASURY
VALUATION
WEALTH
FUNDING CAPACITY
ACCESS TO FINANCING
Online Access:http://documents.worldbank.org/curated/en/2003/07/2475061/emerging-project-bond-market-covenant-provisions-credit-spreads
http://hdl.handle.net/10986/18145

Internet

http://documents.worldbank.org/curated/en/2003/07/2475061/emerging-project-bond-market-covenant-provisions-credit-spreads
http://hdl.handle.net/10986/18145

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