CGIF’s construction period guarantee: kick-starting greenfield project bonds

Region:

Asia-Pacific

Kiyoshi Nishimura

CEO at Credit Guarantee and Investment Facility (CGIF)

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Construction risk has long been an impediment for the use of project bonds to finance greenfield infrastructure projects. The Credit Guarantee and Investment Facility (CGIF) recently introduced an innovative solution to mobilise long-term savings in local currencies in developing Asia to finance greenfield infrastructure projects through project bonds.