Abstract
Asia Pacific, with its huge variety of markets and appetite for power, telecom, infrastructure, and other types of project finance, has reflected a wide range of credit loss experiences recently, each with lessons to be learned. As usual, equity has borne the brunt. As a result, some sponsors have left the scene but other, new ones have stepped in. Meanwhile, from a debt provider's point of view, only in the submarine cable asset class has material provisioning been necessary. There is thus reason for some confidence when structuring new project finance business in the region going forwards.
- © 2004 Pageant Media Ltd
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