44:). Quite often, the state (or several states), on the territory of which this object is being built, provides guarantees for the issued bonds, which makes them attractive to a larger number of market participants, as doing so reduces the risk. Due to the long payback period of infrastructure facilities, the bond circulation period is also quite long (often several decades); therefore, such bonds will mostly target
27:
facility (highways, ports, railways, airport terminals, bridges, tunnels, pipelines, etc.) These bonds may be nominated both in local and in more stable foreign currencies, such as U.S. dollars or euros. Infrastructure bonds are popular in developing economies where there is a strong demand for
212:
111:
864:
48:
including insurance companies and pension funds. To make such bond even more attractive, the state authorities may arrange certain interest and tax benefits.
656:
136:
82:
857:
644:
1413:
690:
650:
1418:
36:
As a rule, the issuer of such securities, after the construction of an infrastructure facility is completed, receives it on a
850:
257:
1473:
1109:
580:
575:
1403:
213:"Infrastructure Bond: Confusion over Tax-Saving Vs Tax-Free Bonds makes taxpayers pay more tax than benefit availed"
1294:
57:
1428:
1054:
1524:
1144:
1059:
570:
446:
217:
40:
for some time (most often several decades) and collects the payments from the facility users (for example, a
1493:
1443:
1304:
683:
62:
1458:
386:
426:
1498:
1423:
250:
1519:
1453:
585:
1529:
1134:
913:
676:
45:
1388:
1483:
1357:
1352:
923:
519:
421:
20:
1154:
1099:
953:
873:
816:
565:
529:
366:
325:
165:
37:
1254:
1074:
1028:
1023:
243:
161:
8:
1189:
1049:
826:
1299:
1269:
1209:
1069:
928:
755:
740:
411:
1347:
1249:
1199:
1013:
801:
618:
544:
396:
318:
1488:
1468:
1362:
1214:
1204:
1114:
1064:
978:
608:
479:
451:
391:
376:
186:
86:
1398:
1314:
1274:
1239:
1224:
1194:
1089:
933:
623:
613:
416:
406:
401:
330:
1448:
1408:
1372:
1319:
1244:
1129:
1124:
993:
983:
968:
699:
524:
509:
474:
461:
436:
340:
308:
277:
24:
1513:
1438:
1367:
1139:
628:
603:
514:
499:
489:
441:
381:
371:
1463:
1342:
1309:
1284:
1219:
1159:
1119:
1008:
988:
973:
806:
791:
539:
484:
431:
361:
287:
1259:
1234:
1104:
1079:
1018:
881:
770:
595:
534:
494:
469:
345:
313:
303:
266:
842:
1478:
1433:
1289:
1279:
1149:
1084:
1033:
948:
831:
811:
735:
1264:
903:
282:
41:
1393:
1324:
1229:
938:
750:
730:
720:
549:
504:
190:
1169:
893:
821:
668:
115:
1003:
898:
775:
765:
710:
235:
943:
908:
796:
745:
715:
19:
is a type of bond issued both by private corporations and by
998:
963:
958:
760:
1164:
918:
725:
187:"IFCI Tax Saving Long Term Infrastructure Bonds Series-I"
657:
Securities
Industry and Financial Markets Association
137:"AMP Capital Global Infrastructure Bond Strategy"
1511:
83:"Infrastructure Bonds with Tax Saving Benefits"
858:
684:
251:
210:
865:
851:
691:
677:
645:Commercial Mortgage Securities Association
258:
244:
872:
651:International Capital Market Association
112:"Bond Program to Finance Infrastructure"
1512:
211:Chakrabarty, Amitava (27 March 2021).
846:
672:
239:
106:
104:
1110:Maintenance, repair, and operations
581:Commercial mortgage-backed security
13:
698:
576:Collateralized mortgage obligation
101:
23:to finance the construction of an
14:
1541:
1414:Controlled-access highway systems
1474:San Francisco–Oakland Bay Bridge
1295:Sustainable urban infrastructure
58:Infrastructure-based development
1429:Hong Kong International Airport
1055:Infrastructure asset management
265:
571:Collateralized debt obligation
447:Reverse convertible securities
204:
179:
154:
129:
75:
1:
68:
1444:Kansai International Airport
1305:Transit-oriented development
63:Infrastructure and economics
7:
1419:Electric power transmission
387:Contingent convertible bond
51:
31:
10:
1546:
1499:Transcontinental railroads
1145:Public–private partnership
427:Inverse floating rate note
1404:Bus rapid transit systems
1381:
1333:
1178:
1042:
880:
784:
706:
637:
594:
558:
460:
354:
296:
273:
586:Mortgage-backed security
355:Types of bonds by payout
297:Types of bonds by issuer
914:Critical infrastructure
46:institutional investors
21:state-owned enterprises
1358:Mechanical engineering
1353:Electrical engineering
1060:Build–operate–transfer
924:Electricity generation
520:Option-adjusted spread
422:Inflation-indexed bond
162:"Treasury Bonds | CBK"
1525:International finance
1494:Trans-Alaska pipeline
1100:Life-cycle assessment
1075:Engineering contracts
954:Municipal solid waste
874:Public infrastructure
566:Asset-backed security
530:Weighted-average life
367:Auction rate security
218:The Financial Express
166:Central Bank of Kenya
1389:Akashi KaikyĹŤ Bridge
1255:Mobile data terminal
1029:Water supply network
1024:Wastewater treatment
559:Securitized products
1459:Offshore wind farms
1270:Renewable resources
1190:Air traffic control
1095:Infrastructure bond
336:Infrastructure bond
89:. 27 September 2014
17:Infrastructure bond
1300:Traffic congestion
1210:Congestion pricing
1014:Telecommunications
929:Energy development
412:Floating rate note
1507:
1506:
1424:High-speed trains
1348:Civil engineering
1250:Land-use planning
1200:Bus rapid transit
840:
839:
802:Civil engineering
666:
665:
619:Exchangeable bond
545:Yield to maturity
397:Exchangeable bond
319:Subordinated debt
1537:
1489:Three Gorges Dam
1469:Port of Shanghai
1363:Public economics
1215:Containerization
1205:Carbon footprint
1115:Natural monopoly
984:Public utilities
979:Public transport
867:
860:
853:
844:
843:
693:
686:
679:
670:
669:
609:Convertible bond
452:Zero-coupon bond
392:Convertible bond
377:Commercial paper
260:
253:
246:
237:
236:
230:
229:
227:
225:
208:
202:
201:
199:
197:
183:
177:
176:
174:
172:
158:
152:
151:
149:
147:
133:
127:
126:
124:
122:
108:
99:
98:
96:
94:
87:Kotak Securities
79:
28:infrastructure.
1545:
1544:
1540:
1539:
1538:
1536:
1535:
1534:
1520:Bonds (finance)
1510:
1509:
1508:
1503:
1399:Brooklyn Bridge
1377:
1335:
1329:
1315:Waste-to-energy
1275:Reverse osmosis
1245:Hybrid vehicles
1240:High-speed rail
1225:Fuel efficiency
1195:Brownfield land
1182:
1180:
1174:
1090:Government debt
1038:
934:Hazardous waste
886:
884:
876:
871:
841:
836:
780:
702:
697:
667:
662:
633:
624:Extendible bond
614:Embedded option
590:
554:
456:
417:High-yield debt
407:Fixed rate bond
402:Extendible bond
350:
331:Government bond
326:Distressed debt
292:
269:
264:
234:
233:
223:
221:
209:
205:
195:
193:
185:
184:
180:
170:
168:
160:
159:
155:
145:
143:
135:
134:
130:
120:
118:
110:
109:
102:
92:
90:
81:
80:
76:
71:
54:
34:
12:
11:
5:
1543:
1533:
1532:
1530:Infrastructure
1527:
1522:
1505:
1504:
1502:
1501:
1496:
1491:
1486:
1481:
1476:
1471:
1466:
1461:
1456:
1451:
1449:Millau Viaduct
1446:
1441:
1436:
1431:
1426:
1421:
1416:
1411:
1409:Channel Tunnel
1406:
1401:
1396:
1391:
1385:
1383:
1379:
1378:
1376:
1375:
1373:Urban planning
1370:
1365:
1360:
1355:
1350:
1345:
1339:
1337:
1331:
1330:
1328:
1327:
1322:
1320:Weatherization
1317:
1312:
1307:
1302:
1297:
1292:
1287:
1282:
1277:
1272:
1267:
1262:
1257:
1252:
1247:
1242:
1237:
1232:
1227:
1222:
1217:
1212:
1207:
1202:
1197:
1192:
1186:
1184:
1176:
1175:
1173:
1172:
1167:
1162:
1157:
1152:
1147:
1142:
1137:
1132:
1130:Public finance
1127:
1125:Public capital
1122:
1117:
1112:
1107:
1102:
1097:
1092:
1087:
1082:
1077:
1072:
1067:
1062:
1057:
1052:
1046:
1044:
1040:
1039:
1037:
1036:
1031:
1026:
1021:
1016:
1011:
1006:
1001:
996:
994:Rail transport
991:
986:
981:
976:
971:
969:Public housing
966:
961:
956:
951:
946:
941:
936:
931:
926:
921:
916:
911:
906:
901:
896:
890:
888:
878:
877:
870:
869:
862:
855:
847:
838:
837:
835:
834:
829:
824:
819:
814:
809:
804:
799:
794:
785:
782:
781:
779:
778:
773:
768:
763:
758:
753:
748:
743:
738:
733:
728:
723:
718:
713:
707:
704:
703:
700:Infrastructure
696:
695:
688:
681:
673:
664:
663:
661:
660:
654:
648:
641:
639:
635:
634:
632:
631:
626:
621:
616:
611:
606:
600:
598:
592:
591:
589:
588:
583:
578:
573:
568:
562:
560:
556:
555:
553:
552:
547:
542:
537:
532:
527:
525:Risk-free bond
522:
517:
512:
510:Mortgage yield
507:
502:
497:
492:
487:
482:
477:
472:
466:
464:
462:Bond valuation
458:
457:
455:
454:
449:
444:
439:
437:Perpetual bond
434:
429:
424:
419:
414:
409:
404:
399:
394:
389:
384:
379:
374:
369:
364:
358:
356:
352:
351:
349:
348:
343:
341:Municipal bond
338:
333:
328:
323:
322:
321:
316:
309:Corporate bond
306:
300:
298:
294:
293:
291:
290:
285:
280:
274:
271:
270:
263:
262:
255:
248:
240:
232:
231:
203:
178:
153:
128:
100:
73:
72:
70:
67:
66:
65:
60:
53:
50:
33:
30:
25:infrastructure
9:
6:
4:
3:
2:
1542:
1531:
1528:
1526:
1523:
1521:
1518:
1517:
1515:
1500:
1497:
1495:
1492:
1490:
1487:
1485:
1482:
1480:
1477:
1475:
1472:
1470:
1467:
1465:
1462:
1460:
1457:
1455:
1454:Nuclear power
1452:
1450:
1447:
1445:
1442:
1440:
1439:Humber Bridge
1437:
1435:
1432:
1430:
1427:
1425:
1422:
1420:
1417:
1415:
1412:
1410:
1407:
1405:
1402:
1400:
1397:
1395:
1392:
1390:
1387:
1386:
1384:
1380:
1374:
1371:
1369:
1368:Public policy
1366:
1364:
1361:
1359:
1356:
1354:
1351:
1349:
1346:
1344:
1341:
1340:
1338:
1332:
1326:
1323:
1321:
1318:
1316:
1313:
1311:
1308:
1306:
1303:
1301:
1298:
1296:
1293:
1291:
1288:
1286:
1283:
1281:
1278:
1276:
1273:
1271:
1268:
1266:
1263:
1261:
1258:
1256:
1253:
1251:
1248:
1246:
1243:
1241:
1238:
1236:
1233:
1231:
1228:
1226:
1223:
1221:
1218:
1216:
1213:
1211:
1208:
1206:
1203:
1201:
1198:
1196:
1193:
1191:
1188:
1187:
1185:
1177:
1171:
1168:
1166:
1163:
1161:
1158:
1156:
1153:
1151:
1148:
1146:
1143:
1141:
1140:Public sector
1138:
1136:
1133:
1131:
1128:
1126:
1123:
1121:
1118:
1116:
1113:
1111:
1108:
1106:
1103:
1101:
1098:
1096:
1093:
1091:
1088:
1086:
1083:
1081:
1078:
1076:
1073:
1071:
1068:
1066:
1063:
1061:
1058:
1056:
1053:
1051:
1050:Appropriation
1048:
1047:
1045:
1041:
1035:
1032:
1030:
1027:
1025:
1022:
1020:
1017:
1015:
1012:
1010:
1009:State schools
1007:
1005:
1002:
1000:
997:
995:
992:
990:
987:
985:
982:
980:
977:
975:
974:Public spaces
972:
970:
967:
965:
962:
960:
957:
955:
952:
950:
947:
945:
942:
940:
937:
935:
932:
930:
927:
925:
922:
920:
917:
915:
912:
910:
907:
905:
902:
900:
897:
895:
892:
891:
889:
883:
879:
875:
868:
863:
861:
856:
854:
849:
848:
845:
833:
830:
828:
825:
823:
820:
818:
815:
813:
810:
808:
805:
803:
800:
798:
795:
793:
790:
787:
786:
783:
777:
774:
772:
769:
767:
764:
762:
759:
757:
754:
752:
749:
747:
744:
742:
739:
737:
734:
732:
729:
727:
724:
722:
719:
717:
714:
712:
709:
708:
705:
701:
694:
689:
687:
682:
680:
675:
674:
671:
658:
655:
652:
649:
646:
643:
642:
640:
636:
630:
629:Puttable bond
627:
625:
622:
620:
617:
615:
612:
610:
607:
605:
604:Callable bond
602:
601:
599:
597:
593:
587:
584:
582:
579:
577:
574:
572:
569:
567:
564:
563:
561:
557:
551:
548:
546:
543:
541:
538:
536:
533:
531:
528:
526:
523:
521:
518:
516:
515:Nominal yield
513:
511:
508:
506:
503:
501:
498:
496:
493:
491:
490:Current yield
488:
486:
485:Credit spread
483:
481:
478:
476:
473:
471:
468:
467:
465:
463:
459:
453:
450:
448:
445:
443:
442:Puttable bond
440:
438:
435:
433:
430:
428:
425:
423:
420:
418:
415:
413:
410:
408:
405:
403:
400:
398:
395:
393:
390:
388:
385:
383:
380:
378:
375:
373:
372:Callable bond
370:
368:
365:
363:
360:
359:
357:
353:
347:
344:
342:
339:
337:
334:
332:
329:
327:
324:
320:
317:
315:
312:
311:
310:
307:
305:
302:
301:
299:
295:
289:
286:
284:
281:
279:
276:
275:
272:
268:
261:
256:
254:
249:
247:
242:
241:
238:
220:
219:
214:
207:
192:
188:
182:
167:
163:
157:
142:
138:
132:
117:
113:
107:
105:
88:
84:
78:
74:
64:
61:
59:
56:
55:
49:
47:
43:
39:
29:
26:
22:
18:
1464:Panama Canal
1343:Architecture
1310:Urban sprawl
1285:Smart growth
1220:Ethanol fuel
1160:Supply chain
1120:Property tax
1094:
1065:Design–build
989:Public works
807:Construction
792:Architecture
788:
638:Institutions
596:Bond options
540:Yield spread
432:Lottery bond
362:Accrual bond
335:
288:Fixed income
222:. Retrieved
216:
206:
194:. Retrieved
181:
169:. Retrieved
156:
144:. Retrieved
140:
131:
119:. Retrieved
91:. Retrieved
77:
35:
16:
15:
1484:Solar power
1260:Pork barrel
1235:Groundwater
1135:Public good
1105:Lindahl tax
1080:Externality
1019:Town square
949:Lighthouses
771:Storm drain
741:Interchange
535:Yield curve
495:Dirty price
470:Clean price
346:Global bond
314:Senior debt
304:Agency bond
267:Bond market
141:AMP Capital
1514:Categories
1479:Suez Canal
1434:Hoover Dam
1290:Stormwater
1280:Smart grid
1150:Renovation
1085:Fixed cost
1034:Wind power
887:facilities
832:Urban park
812:Playground
736:Footbridge
69:References
38:concession
1265:Recycling
1155:Spillover
939:Hospitals
904:Broadband
789:See also:
475:Convexity
283:Debenture
224:13 August
196:13 August
171:13 August
146:13 August
121:13 August
93:13 August
42:toll road
1394:Autobahn
1382:Examples
1336:of study
1325:Wireless
1230:Fuel tax
1165:Taxation
1043:Concepts
894:Airports
756:Pipeline
751:Overpass
731:Drainage
721:Causeway
550:Z-spread
505:I-spread
500:Duration
191:IFCI Ltd
52:See also
32:Overview
1170:Upgrade
1070:Earmark
899:Bridges
827:Theatre
822:Stadium
659:(SIFMA)
116:ifc.org
1334:Fields
1179:Issues
1004:Sewage
944:Levees
909:Canals
882:Assets
817:Public
776:Tunnel
766:Skyway
711:Bridge
653:(ICMA)
647:(CMSA)
480:Coupon
382:Consol
1183:ideas
999:Roads
964:Ports
959:Parks
797:Arena
746:Levee
716:Canal
919:Dams
761:Road
278:Bond
226:2021
198:2021
173:2021
148:2021
123:2021
95:2021
1181:and
885:and
726:Dam
1516::
215:.
189:.
164:.
139:.
114:.
103:^
85:.
866:e
859:t
852:v
692:e
685:t
678:v
259:e
252:t
245:v
228:.
200:.
175:.
150:.
125:.
97:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.