Australia’s bond proposal raises myriad questions

The Australian opposition party’s suggestion of sovereign guarantees for private sector infrastructure bonds may not benefit issuers or investors, and raises numerous issues about the transfer of risk.

  • 19 Mar 2013

The Liberal-National coalition said last week that it was considering offering bond guarantees to private sector infrastructure companies in order to allow them to raise funds more cheaply by leveraging Australia’s ‘AAA’ rating, but the process would be much more complex than it sounds, according to commentators.

The opposition ...

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