Fundamentals of Project Finance

Course Info

Length: 1 Week

City: Kuala Lumpur

Type: In Classroom

Available Dates

  • Mar-11-2024

    Kuala Lumpur

  • Apr-08-2024

    Kuala Lumpur

  • May-13-2024

    Kuala Lumpur

  • June-10-2024

    Kuala Lumpur

  • July-08-2024

    Kuala Lumpur

  • Aug-12-2024

    Kuala Lumpur

  • Sep-09-2024

    Kuala Lumpur

  • Oct-14-2024

    Kuala Lumpur

  • Nov-11-2024

    Kuala Lumpur

  • Dec-09-2024

    Kuala Lumpur

Dates in Other Venues

  • Mar-04-2024

    London

  • Mar-04-2024

    Amsterdam

  • Mar-11-2024

    Istanbul

  • Mar-18-2024

    Paris

  • Mar-18-2024

    Singapore

  • Mar-25-2024

    Dubai

  • Mar-25-2024

    Barcelona

  • Apr-01-2024

    Amsterdam

  • Apr-01-2024

    London

  • Apr-08-2024

    Istanbul

  • Apr-15-2024

    Singapore

  • Apr-15-2024

    Paris

  • Apr-22-2024

    Amsterdam

  • Apr-22-2024

    Barcelona

  • Apr-29-2024

    London

  • Apr-29-2024

    Dubai

  • May-06-2024

    London

  • May-06-2024

    Amsterdam

  • May-13-2024

    Istanbul

  • May-20-2024

    Paris

  • May-20-2024

    Singapore

  • May-27-2024

    Barcelona

  • May-27-2024

    Dubai

  • June-03-2024

    Amsterdam

  • June-03-2024

    London

  • June-10-2024

    Istanbul

  • June-17-2024

    Paris

  • June-17-2024

    Singapore

  • June-24-2024

    Barcelona

  • June-24-2024

    Dubai

  • July-01-2024

    Amsterdam

  • July-01-2024

    London

  • July-08-2024

    Istanbul

  • July-15-2024

    Singapore

  • July-15-2024

    Paris

  • July-22-2024

    Amsterdam

  • July-22-2024

    Barcelona

  • July-29-2024

    London

  • July-29-2024

    Dubai

  • Aug-05-2024

    London

  • Aug-05-2024

    Amsterdam

  • Aug-12-2024

    Istanbul

  • Aug-19-2024

    Singapore

  • Aug-19-2024

    Paris

  • Aug-26-2024

    Barcelona

  • Aug-26-2024

    Dubai

  • Sep-02-2024

    London

  • Sep-02-2024

    Amsterdam

  • Sep-09-2024

    Istanbul

  • Sep-16-2024

    Paris

  • Sep-16-2024

    Singapore

  • Sep-23-2024

    Amsterdam

  • Sep-23-2024

    Barcelona

  • Sep-30-2024

    London

  • Sep-30-2024

    Dubai

  • Oct-07-2024

    London

  • Oct-07-2024

    Amsterdam

  • Oct-14-2024

    Istanbul

  • Oct-21-2024

    Singapore

  • Oct-21-2024

    Paris

  • Oct-28-2024

    Dubai

  • Oct-28-2024

    Barcelona

  • Nov-04-2024

    Amsterdam

  • Nov-04-2024

    London

  • Nov-11-2024

    Istanbul

  • Nov-18-2024

    Paris

  • Nov-18-2024

    Singapore

  • Nov-25-2024

    Dubai

  • Nov-25-2024

    Barcelona

  • Dec-02-2024

    Amsterdam

  • Dec-02-2024

    London

  • Dec-09-2024

    Istanbul

  • Dec-16-2024

    Paris

  • Dec-16-2024

    Singapore

  • Dec-23-2024

    Barcelona

  • Dec-23-2024

    Amsterdam

  • Dec-30-2024

    London

  • Dec-30-2024

    Dubai

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