Sign in to use this feature.

Years

Between: -

Subjects

remove_circle_outline
remove_circle_outline
remove_circle_outline

Journals

Article Types

Countries / Regions

Search Results (1)

Search Parameters:
Keywords = redeemable asset-backed notes

Order results
Result details
Results per page
Select all
Export citation of selected articles as:
17 pages, 2141 KB  
Article
Sustainable Construction and Financing—Asset-Backed Securitization of Expressway’s Usufruct with Redeemable Rights
by Qiming Zhang, Linda Yin-nor Tjia, Biyue Wang and Aksel Ersoy
Sustainability 2021, 13(16), 9113; https://doi.org/10.3390/su13169113 - 14 Aug 2021
Cited by 4 | Viewed by 4031 | Correction
Abstract
Asset-backed securitization will greatly promote the sustainability of infrastructure construction and financing. However, there are quite limited researches conducted in this field. Given the project characteristics of infrastructure project securities, this paper proposes the issuance steps of redeemable asset-backed notes (ABN) based on [...] Read more.
Asset-backed securitization will greatly promote the sustainability of infrastructure construction and financing. However, there are quite limited researches conducted in this field. Given the project characteristics of infrastructure project securities, this paper proposes the issuance steps of redeemable asset-backed notes (ABN) based on the infrastructure project’s usufruct as the basic asset. Taking the expressway franchise as an example, the issuing scale and coupon rate of the redeemable ABN are determined by the expected cash flow of the expressway, the term structure of random interest rates, and the option-adjusted spread (OAS). In addition, this research analyzes the duration, convexity, and OAS. Full article
Show Figures

Figure 1

Back to TopTop