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The financing of a demonstration geothermal project

โœ Scribed by Gerald O. Lesperance

Publisher
Elsevier Science
Year
1986
Tongue
English
Weight
366 KB
Volume
15
Category
Article
ISSN
0375-6505

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## Abstract This paper finds that the term structure of credit spreads in project finance is humpโ€shaped. This contrasts with other types of debt, where credit risk is shown instead to increase monotonically with maturity __ceteris paribus__. We emphasize a number of peculiar features of project fi