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Don't see why they would need to hope that interest rates remain low. Interest rates are already low, so they can sell debt at current interest rates for the te
by tanderson92 10y ago
Don't see why they would need to hope that interest rates remain low. Interest rates are already low, so they can sell debt at current interest rates for the term needed. I do think you're correct that low interest rates are a factor.
- tim333 10y agoAn unusual feature in this case is >One can suspect that Masdar had access to long-term financing through the wealthy emirate of Abu Dhabi that no commercial banks, the primary source of capital for the other bidders, could match in cost.
- nimish 10y agoBingo. They're being subsidized by a government with access to cheap funds, and in Abu Dhabi's case, a lot of oil wealth. In contrast the unsubsidized bids are much higher