Morgan Stanley Infrastructure’s recent refinancing of the Red Oak power plant took the asset out of the bond market and into the bank market via a ‘hedge toggle’ structure. Twenty years on from Red Oak’s first financing, the US is still searching for workable power market structures. Could the ‘toggle’ help US power sponsors live with market uncertainty?
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TXF's industry leading Global Export Finance Survey provides the benchmark for sentiment in the industry in 2023. It's already showing some interesting early trends. There is still time for you to make your thoughts heard.
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