Non-Recourse Lending to Cross-Border Infrastructure Undertakings: Indian Credit’s Lost Opportunity?
One of the main distinctions of debt finance for infrastructure ventures (i.e., syndicate lending by banking institutions for specific project development) from generic corporate undertakings (i.e., debenture issues financing expansionary productive factor acquisition) is the scope for obtaining such leverage on Non-Recourse/Limited-Recourse terms, exclusively characteristic of infrastructure ventures.[i] The term Recourse in this context, implies […]