Fundamentals of Project Finance

Course Info

Length: 1 Week

Type: In Classroom

Available Dates

Venue

  • Oct-07-2024

    London

  • Oct-07-2024

    Amsterdam

  • Oct-14-2024

    Kuala Lumpur

  • Oct-14-2024

    Istanbul

  • Oct-21-2024

    Singapore

  • Oct-21-2024

    Paris

  • Oct-28-2024

    Barcelona

  • Oct-28-2024

    Dubai

  • Nov-04-2024

    London

  • Nov-04-2024

    Amsterdam

  • Nov-11-2024

    Kuala Lumpur

  • Nov-11-2024

    Istanbul

  • Nov-18-2024

    Paris

  • Nov-18-2024

    Singapore

  • Nov-25-2024

    Barcelona

  • Nov-25-2024

    Dubai

  • Dec-02-2024

    London

  • Dec-02-2024

    Amsterdam

  • Dec-09-2024

    Istanbul

  • Dec-09-2024

    Kuala Lumpur

  • Dec-16-2024

    Paris

  • Dec-16-2024

    Singapore

  • Dec-23-2024

    Amsterdam

  • Dec-23-2024

    Barcelona

  • Dec-30-2024

    Dubai

  • Dec-30-2024

    London

  • Jan-06-2025

    Amsterdam

  • Jan-06-2025

    London

  • Jan-13-2025

    Barcelona

  • Jan-13-2025

    Dubai

  • Jan-20-2025

    Istanbul

  • Jan-20-2025

    Kuala Lumpur

  • Jan-27-2025

    Singapore

  • Jan-27-2025

    Paris

  • Feb-03-2025

    London

  • Feb-03-2025

    Amsterdam

  • Feb-10-2025

    Dubai

  • Feb-10-2025

    Barcelona

  • Feb-17-2025

    Istanbul

  • Feb-17-2025

    Kuala Lumpur

  • Feb-24-2025

    Paris

  • Feb-24-2025

    Singapore

  • Mar-03-2025

    Amsterdam

  • Mar-03-2025

    London

  • Mar-10-2025

    Barcelona

  • Mar-10-2025

    Dubai

  • Mar-17-2025

    Kuala Lumpur

  • Mar-17-2025

    Istanbul

  • Mar-24-2025

    Paris

  • Mar-24-2025

    Singapore

  • Apr-07-2025

    London

  • Apr-07-2025

    Amsterdam

  • Apr-14-2025

    Barcelona

  • Apr-14-2025

    Dubai

  • Apr-21-2025

    Kuala Lumpur

  • Apr-21-2025

    Istanbul

  • Apr-28-2025

    Paris

  • Apr-28-2025

    Singapore

  • May-05-2025

    London

  • May-05-2025

    Amsterdam

  • May-12-2025

    Dubai

  • May-12-2025

    Barcelona

  • May-19-2025

    Kuala Lumpur

  • May-19-2025

    Istanbul

  • May-26-2025

    Paris

  • May-26-2025

    Singapore

  • June-02-2025

    Amsterdam

  • June-02-2025

    London

  • June-09-2025

    Dubai

  • June-09-2025

    Barcelona

  • June-16-2025

    Istanbul

  • June-16-2025

    Kuala Lumpur

  • June-23-2025

    Singapore

  • June-30-2025

    Amsterdam

  • June-30-2025

    London

  • June-30-2025

    Paris

  • July-07-2025

    Amsterdam

  • July-07-2025

    London

  • July-14-2025

    Dubai

  • July-14-2025

    Barcelona

  • July-21-2025

    Kuala Lumpur

  • July-21-2025

    Istanbul

  • July-28-2025

    Paris

  • July-28-2025

    Singapore

  • Aug-04-2025

    Amsterdam

  • Aug-04-2025

    London

  • Aug-11-2025

    Barcelona

  • Aug-11-2025

    Dubai

  • Aug-18-2025

    Istanbul

  • Aug-18-2025

    Kuala Lumpur

  • Aug-25-2025

    Paris

  • Aug-25-2025

    Singapore

  • Sep-01-2025

    London

  • Sep-01-2025

    Amsterdam

  • Sep-08-2025

    Dubai

  • Sep-08-2025

    Barcelona

  • Sep-15-2025

    Istanbul

  • Sep-15-2025

    Kuala Lumpur

  • Sep-22-2025

    Singapore

  • Sep-29-2025

    Paris

  • Sep-29-2025

    London

  • Sep-29-2025

    Amsterdam

  • Oct-06-2025

    London

  • Oct-06-2025

    Amsterdam

  • Oct-13-2025

    Dubai

  • Oct-13-2025

    Barcelona

  • Oct-20-2025

    Kuala Lumpur

  • Oct-20-2025

    Istanbul

  • Oct-27-2025

    Singapore

  • Oct-27-2025

    Paris

  • Nov-03-2025

    London

  • Nov-03-2025

    Amsterdam

  • Nov-10-2025

    Dubai

  • Nov-10-2025

    Barcelona

  • Nov-17-2025

    Kuala Lumpur

  • Nov-17-2025

    Istanbul

  • Nov-24-2025

    Paris

  • Nov-24-2025

    Singapore

  • Dec-01-2025

    London

  • Dec-01-2025

    Amsterdam

  • Dec-08-2025

    Dubai

  • Dec-08-2025

    Barcelona

  • Dec-15-2025

    Kuala Lumpur

  • Dec-15-2025

    Istanbul

  • Dec-22-2025

    Singapore

  • Dec-29-2025

    Amsterdam

  • Dec-29-2025

    Paris

  • Dec-29-2025

    London

Course Details

Course Outline

5 days course

 

What is Project Finance?

 

  • Definition – “Project Finance” as opposed to financing of a project
  • Limited-recourse and non-recourse finance
  • Origins of project finance
  • Who uses project finance and why?
  • What is the downside?

 

The Project Finance Process

 

  • The Players and their interests
  • Ownership structures
  • Key project contracts
  • Role of advisers:
  • The financial feasibility study/debt structuring
  • The information memorandum
  • Debt underwriting/syndication
  • Financial close
  • Post-close monitoring

 

Sponsors and Lenders/ The Lender’s Risk Analysis

 

  • Different risk/reward objectives of sponsors and lenders
  • Balancing equity and debt
  • Different types of debt – senior/ subordinated/mezzanine
  • Structural & pricing drivers
  • Key ratios – annual debt service, loan life and project life covers
  • Balancing equity and debt
  • Assessing the Risks
  • Macro risks
  • Completion risk
  • Operational risk

 

Other Sources of Debt Finance / Risk Mitigation

 

  • The bond markets
  • Credit enhancement through guarantees
  • Islamic finance
  • Private political risk insurance market
  • Export credit agencies
  • Multilateral agencies/development banks
  • Sponsor co-financing

 

Project Financing Documentation

 

  • The term-sheet – purpose, legal status, binding/non-binding aspects
  • Term-sheet/documentation provisions:
  • Term-sheet interactive exercise
  • Legal opinions
  • LMA standard terms
  • Security and credit rights
  • Payment waterfall
  • Collateral and assignment of contract rights
  • Rights of the controlling classes, inter-creditor issues
  • Reserve accounts, cash sweeps, profit distribution controls
  • Refinancing risk
  • Project types
  • Conclusion

Course Video