Middle East Economic Survey

VOL. LIII

No 13

29-March-2010

Mubadala Sees Growing Role For Bonds In Project Finance

With banks still constrained by the credit crunch, and export credit agencies (ECAs) unable to plug all of the gaps, project financiers are seeking other types of funding. One alternative source that has looked poised to take off but has, so far, had a disappointing track record, is bonds. But under improving yet still difficult financing conditions, some sponsors are giving them more...