ADB works to ease risks for investors in infrastructure deals
Senior ADB official tells BT that project bonds are the 'big missing piece' in infrastructure financing in Asia
Singapore
PRIVATE investors remain averse to taking commercial and political risks in infrastructure projects, so multilateral development banks (MDBs) have to work a lot behind the scenes to cajole them to take part in these projects.
Michael Barrow, director-general of private-sector operations at the Asian Development Bank (ADB), said at a panel discussion on Tuesday that the ADB works with commercial banks to come up with the right mix of loan structure and tenor that the commercial lenders are comfortable with; it also provides guarantees for the tenor that banks are otherwise unable to take on because of capital ratio requirements.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Jefferies asks judge to remove managers of Weiss Multi-Strategy
JPMorgan sees gain of about US$8 billion from Visa exchange offer
BlackRock cuts jobs in muni business under new leadership
ANZ announces A$2 billion buyback despite lower cash earnings
Grayscale Bitcoin Trust sees first inflows since US ETFs were approved
Goldman Sachs rings in 25 years of public life with stock at record