Perspective
21 February 2018
Energoatom’s Opic-wrapped bonds: A post-ECA gift to borrowers?
Region:
Europe
Ukraine’s state-owned nuclear generator has closed a bond issue for a nuclear waste storage project at a cheaper rate than its parent, thanks to a first-of-its-kind insurance policy from Opic. Could this wrap edge out conventional ECA debt, or are there still gaps in the structure?
