In-depth

Analysis, interviews, roundtables, reports and more on the topics that matter to you.

Perspective
10 January 2019

Red Oak: Switching cost of debt in US power

In:
Power
Region:
Americas
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?

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access


You might also like


Perspective
22 August 2025

Wasting your breadth? Glencore reports disappointing...

The release of Glencore’s half-year financial results disappointed its shareholders. Profits are down across its legendary energy trading arm, even while its metals business...

Interview
29 August 2025

Gambelli looks to DFI collaboration at Maire Met Development

Irene Gambelli, subsidised financing manager at Maire Met Development, discusses her new role, and her work in liaising with MDBs and DFIs alongside ECAs to initiate, promote...