Infrastructure bond — a new financing option

Custo­mi­zed bonds are beco­ming more and more fashionable. They substi­tute bank loans at often better condi­ti­ons. For exam­ple, the cities of Nurem­berg and Würz­burg are plan­ning a joint bond with a volume of 100 million euros and a term of 5–7 years. The aim is to attract insti­tu­tio­nal inves­tors. Energy compa­nies in the wind, solar and photo­vol­taic sectors are alre­ady bond profes­sio­nals. Now a first bond from the infra­struc­ture sector is announ­ced, from the district heating company sector. What about colla­te­ral here? And which inves­tors are being addressed?