AIIB mulls new debt funding initiative to lure asset owners
The China-based multilateral bank could refinance its brownfield infrastructure projects in the capital markets, giving institutional investors infrastructure-linked assets to invest into.
When it comes to infrastructure investing, asset owners typically like instruments linked to brownfield projects and shun greenfield ones.
To cater to that preference, the Asian Infrastructure Investment Bank (AIIB) is planning a new practice that allows institutional investors to take up its projects' debt once they reach the brownfield phase, while recycling the money back into new greenfield projects.
Najeeb Haider, principal strategy officer of the China-led multilateral ban…
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