Welcome Energy Bonds? Winning Competition in Securities Regulation
Article from: OGEL 1 (2011), in Economic and Commercial Context for Oil, Gas and Energy Law
Introduction
For a long time bank and equity financing were the most attractive ways to finance significant infrastructure projects in the energy industry. However, financial downturns in the last several years (the Asian meltdown near the end of the last century and the current downturn) have forced financial market players to seek alternative solutions in the sphere of project financing. This paper will focus on considering project bonds as such an alternative solution. Nowadays, only a few countries have well-established bond markets, including the United States, Germany, Japan and United ...