PT  - JOURNAL ARTICLE
AU  - John Ryan
TI  - An Open Quadrant: <em>High-Yield, Long-Term</em>
	       <br/>
               <em>Institutional Project Loans</em>
AID  - 10.3905/jsf.2013.19.3.019
DP  - 2013 Oct 31
TA  - The Journal of Structured Finance
PG  - 19--32
VI  - 19
IP  - 3
4099  - https://pm-research.com/content/19/3/19.short
4100  - https://pm-research.com/content/19/3/19.full
AB  - This article is about a type of senior debt capitalization that currently does not really exist, but likely will develop soon—long-term, high-yield project finance loans for infrastructure in Organization for Economic Cooperation and Development (OECD) countries. The author predicts that a subset of institutional investors will fill this open segment of the project finance loan market, because senior, secured, long-term, high-yield loans will meet many of their investment objectives while utilizing their capabilities and providing them with a competitive advantage. He also predicts that a number of project owners and sponsors will demand this loan product once available, because it can support their specific senior capitalization objectives, especially with respect to minimizing refinancing risk while optimizing leverage and flexibility.TOPICS: Project finance, other real assets, emerging