November 9, 2015
As interest grows in developing infrastructure projects across Latin America, so too the potential sources of financing are growing. For project sponsors, the broadening range of investment types is positive, and often allows them to find a cheaper cost of capital. Still, the market has further to deepen, and conditions can vary vastly between jurisdiction or project type. The subject was keenly debated at a LatinFinance roundtable, held in New York in late September. “A lot of future sales are going to be a combination of revolvers, bank loans and project bonds,” says Raphael Dumas, director of project and export finance at HSBC. “For bonds it used to be, particularly in the case
Borrowers and financiers are encountering a diverse, developing set of funding resources. LatinFinance convened a group of leading project sponsors and bankers to discuss the changing infrastructure financing environment at a roundtable in New York in September.