Brussels, 14/05/2013 (Agence Europe) - Almost a year after the European institutions' agreement on the “project bond” pilot phase last July, the president of the European Investment Bank (EIB), Werner Hoyer, said that he was optimistic about the bonds and acknowledged that the credibility of this innovative financial instrument would depend on the success of the first project.
“Project bonds” are bonds for major infrastructure projects. They aim to attract private financing for...