Bank Conventional Lending versus Project Bond Solution

Emanuele Rossi and Rok Stepic
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Emanuele Rossi: University of Milan-Bicocca
Rok Stepic: UniCredit Bank

Chapter 3 in Infrastructure Project Finance and Project Bonds in Europe, 2015, pp 52-62 from Palgrave Macmillan

Abstract: Abstracts Project bonds, which can act as a substitute for a conventional term loan bank financing, are surely the best alternative financing solution. We have noticed several recent project finance deals involving project bond funding in the European market, and it is adapting quickly to the changing market situation. From a general perspective, it is important to highlight and examine the advantages and disadvantages comparing a traditional amortizing bank loan versus a project bond funding solution. This is crucial in order to help us illuminate the decision-making process for the best available financing structure solution for prospective projects.

Keywords: Institutional Investor; Commercial Bank; Bank Loan; Infrastructure Project; Sovereign Wealth Fund (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-52404-1_4

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DOI: 10.1057/9781137524041_4

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