Banking Woes Could Send Project Sponsors To Bond Markets

Law360, New York (February 17, 2012, 6:13 PM EST) -- Project sponsors are starting to take a harder look at the bond markets as a potential source of financing now that European banks are tightening their belts, restricting access to some traditional sources of capital, project finance experts say.

Although bank financing has powered the bulk of infrastructure development over the past two decades, some of the factors making it attractive — namely its cheaper price relative to bonds — are starting to fade as European banks cut down long-term lending, experts said.

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