Having
considered
170
submissions,
the
panel
–
headed
by
Reserve
Bank
board
member
Jillian
Broadbent
–
sees
limited
application
for
loan
guarantees,
which
are
unlikely
to
be
the
most
cost-effective
mechanism
for
the
borrower.
“The
government
envisages
the
CEFC
will
offer
debt
and
equity
on
commercial
and
concessional
terms,”
the
panel
says.
“In
the
early
stages
of
the
investing
phase,
it
is
anticipated
the
majority
of
the
CEFC’s
investments
will
be
loans
and
not
equity.”
The
panel
ruled
out
tax
exemptions
or
raising
capital
by
issuing
bonds,
which
it
says
lie
outside…
