Aussie pension buys $45m of Build America Bonds
The undisclosed pension bought into the bond financing of the 183A toll road expansion in Austin, Texas, the first issuance of non-investment grade, CPI-linked Build America Bonds in the US. Investment bank JPMorgan, which placed the bonds, believes the financing is ‘a formula that can be replicated all over’ the US.
16 January 2013•4 mins read
