Credit Enhanced Infrastructure Bonds in Emerging Markets Book by Venu Prasath

8/10/2019 Credit Enhanced Infrastructure Bonds in Emerging Markets Book by Venu Prasath

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Credit Enhanced

Infrastructure Bonds

In Emerging Markets

By

Venu Prasath T

M Sc International Construction Management

University Of Leeds

United Kingdom


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!"#$%&'$()

I dedicate this work to my Family, Teachers, Friends and God for their dedicated

participation for success in my life.


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+,-./012!3242.5

I would like to thank my supervisor, Prof. Nigel Smith, for the patient guidance,

encouragement and advice he has provided throughout this book. I have been

extremely lucky to have a guide who cared so much about my work, and who

responded to my questions and queries so promptly.

I would also like to thank my family and friends for their moral support throughout

the year during my MSc studies.


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In this research the author recommends increased use of bonds as a financing

instrument in emerging markets. It is common in the current market condition where a

borrower from emerging markets had to go into complex process for gaining

infrastructure investments compared to a borrower from a developed country all due

to credit risk involved. In this research, the author developed an improved credit

enhancement process that might help borrowers in emerging markets increase

investments in a less complex way than the previous condition. The potential of bonds

as infrastructure financing upgrading it with credit enhancement feature to fit in and

reduce the funding gap and increase the infrastructure investments in emerging

markets. Making it a significant tool for mitigating the credit risk involved in

emerging markets.


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Credit Enhanced Infrastructure Bonds in Emerging Markets Book by Venu Prasath

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