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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?

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