Knowledge

Infrastructure bond

Source đź“ť

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 Kaikyō 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:.

Index

state-owned enterprises
infrastructure
concession
toll road
institutional investors
Infrastructure-based development
Infrastructure and economics
"Infrastructure Bonds with Tax Saving Benefits"
Kotak Securities


"Bond Program to Finance Infrastructure"
ifc.org
"AMP Capital Global Infrastructure Bond Strategy"
"Treasury Bonds | CBK"
Central Bank of Kenya
"IFCI Tax Saving Long Term Infrastructure Bonds Series-I"
IFCI Ltd
"Infrastructure Bond: Confusion over Tax-Saving Vs Tax-Free Bonds makes taxpayers pay more tax than benefit availed"
The Financial Express
v
t
e
Bond market
Bond
Debenture
Fixed income
Agency bond
Corporate bond
Senior debt

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.

↑