Introduction to Project Finance (Essential Capital Markets) - Softcover

Fight, Andrew

Softcover

ISBN 10: 075065905X ISBN 13: 9780750659055

Publisher: Butterworth-Heinemann, 2005

Synopsis

The term "project finance" is now being used in almost every language in every part of the world. It is the solution to infrastructure, public and private venture capital needs. It has been successfully used in the past to raise trillions of dollars of capital and promises to continue to be one of the major financing techniques for capital projects in both developed and developing countries. Project Finance aims to provide: *Overview of project finance *Understanding of the key risks involved in project finance and techniques for mitigating risk *Techniques for effective evaluation of project finance from both a financial and credit perspective The author differentiates between recourse and non-recourse funding, tackles the issues of feasibility, identifies the parties normally involved with project finance plans, and details techniques for realistic cash flow preparation.

About this title

About the Author

Andrew Fight is an international banking and training consultant with 20 years banking and finance experience and has trained in Banks and financial institutions throughout the world as well as in the U.K.

His expertise is in all aspects of Corporate Credit, Analysing Banks and Financial Institutions Risk, Syndicated Lending, and Project Finance, and he has an ongoing research interest in Debt Recovery and the roles of Credit Rating Agencies in the investor creditor community.

Andrew has written and developed course materials for both tailored and public courses for Euromoney Training, BPP Financial Training, Intellexis Training, the French Bankers Training Institute, Bankakademie in Germany, and aid programmes for the European Union, USAID Eurasia Foundation, and Asian Development Bank. He has also written a dozen books on Banking and Finance related subjects for Euromoney Publications, Wiley and Sons, Express Exec / Capstone Publishing.

During the last year Andrew has led successful courses in Malaysia, India, Lebanon, Bulgaria, Georgia, Armenia, Algeria, France, Germany, and the UK

From the Back Cover

The term 'project finance' is now being used in almost every language in every part of the world. Understanding the nature of project finance and how it differs from other financing techniques is critical to all the major players in large capital projects, such as governments, ministries of finance, commercial bankers, investment bankers, suppliers and customers. This book will help you understand this rapidly expanding field. While project finance has its origins in the natural resource and infrastructure sectors, the current ideological trend of dismantling the state and transferring public services to privately owned entities is resulting in a bonanza to acquire these lucrative public service franchises in the power, telecommunications, and transportation sectors, as well as impose this agenda onto government owned entities in developed and developing countries. Project Finance techniques provide the means to impose this ideological agenda. An Introduction to Project Finance explains how to:* identify the various players in a project finance transaction, their objectives, and how to identify their roles in the project* identify the legal, operational and financial risks presented by the project* build cash flow statements from historical statements or project projections* identify key variables impacting financial performance so that they can be subjected to sensitivity analysis* run sensitivity analyses to evaluate the cash flow and debt servicing ability of a company or project, and identify potential areas of concern* optimally configure long term debt facilities so that they are aligned with the company or project's cash flow and debt servicing capabilities* evaluate different methods of project evaluation* recognize the limitations of accounting information in valuing companies* use other methods to evaluate the creditworthiness of a project

Edition details

• Publisher: Butterworth-Heinemann
• Publication date: 2005
• Language: English
• ISBN 10: 075065905X
• ISBN 13: 9780750659055
• Binding: Paperback
• Number of pages: 214