The ABS market has long looked to infrastructure as its next big asset class. So far, though, this has produced rather more talk than action. But all that is set to change. “There is now a desire to look at real financial alternatives for infrastructure,” says Tim Drayson, global head of securitization at BNP Paribas. “Governments have fudged the issue in the past but Eurostat has now put paid to that.”
The blending of whole business, opco/propco, LBO and project financing should bear fruit. Grupo Ferrovial’s acquisition of BAA is expected to provide a showcase for the cost savings that ABS can offer. Calyon, Citigroup, HSBC, RBS and Santander have been awarded the mandate to arrange £7...
This is archived content. Your current settings does not currently allow access to the archive. To gain access visit the subscription page or call our hotline on +44 (0)207 779 8999.
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
Level 1:
- Online access to the past 12 months content
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Level 2:
- Exclusive access to euromoney.com - Read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 2000
- 12 monthly issues of Euromoney magazine
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe