08.10.2014 20:08:00

Moody's: Advantages of century bonds to finance infrastructure come at a cost

New York, October 08, 2014 -- Bonds with very long maturities of up to a 100 years--century bonds--can have an appeal for infrastructure bond issuers, says Moody's Investors Service, because they are able to match the long-term service lives of the assets they are financing to the long-term maturities of the debt, deferring rate increases and capital cost recovery for generations. However, these advantages carry some credit risks.

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