An Option For Middle East Project Finance

Law360, New York (January 9, 2012, 1:22 PM EST) -- In the late 1990s, project bonds were considered the next big source of funding for projects. High-profile, investment-grade transactions were everyday occurrences. Various financial institutions and commentators were of the opinion that due to financial institutions’ internal credit limitations and risk aversion policies, and the increasingly higher value of funding needs to finance projects, project bonds would continue to grow to meet the funding demand for project finance.

However, during the boom years, the syndicated lending market became far more competitive with the financing options both...
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