International Project Finance In A Nutshell

Autore: John M. Niehuss
Editore: West Academic Publishing
ISBN: 9781628101348
Grandezza: 51,14 MB
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The book provides a basic introduction to the legal and financial issues that arise at each stage of a project finance transaction. It contains a comprehensive overview of the concept of project finance and includes extensive coverage of the overall legal structure of a project and the key clauses in project and financial documents. It also has chapters on project preparation, procurement, sources of finance and other financial and credit support issues, restructuring, and investment dispute settlement. The Second Edition has been substantially revised and includes new chapters and material on: the application of project finance techniques to the funding of public-private partnerships, infrastructure, and the oil and gas sector; the impact of the 2008 financial crisis on project financing; offtake contracts; and recent dispute settlement developments. The book also features useful checklists for risk analysis, due diligence, concession and loan agreement terms, credit support, tax and accounting issues, and evaluation of sources of finance.

International Project Finance

Autore: John Dewar
Editore: Oxford University Press
ISBN: 0199601445
Grandezza: 62,33 MB
Formato: PDF, ePub, Docs
Vista: 6028
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Providing a wide focus on financial techniques and sector coverage on an international scale, this book gives a thorough treatment of the basic principles which affect the structuring and documentation of project financings. It studies structural, legal and contractual differences between the different sectors using project financing techniques.

Financing International Projects

Autore: A. D. F. Price
Editore: International Labour Organization
ISBN: 9789221087472
Grandezza: 62,46 MB
Formato: PDF
Vista: 8464
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International contractors are often required to participate in securing project finance.

The Law And Business Of International Project Finance

Autore: Scott L. Hoffman
Editore: Cambridge University Press
ISBN: 9781139468855
Grandezza: 77,42 MB
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Vista: 2523
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This 2007 third edition continues to be a comprehensive and authoritative guide to the business, practice, law, and practical use of project finance. It covers the complete project finance structure, from conception to negotiation to debt closing, and from project difficulties to successful restructuring. The book continues to be accessible to those with little experience in project finance, while maintaining the insight and detail of previous editions that has made it a valuable reference for the experienced lawyer, manager, banker, contractor, and government official. This edition focuses on a real-world, practical approach to project finance, without the overuse of case studies and economic theory. Yet the contract forms, detailed glossary, index, and project finance bibliography make it a complete text.

Project Financing And The International Financial Markets

Autore: Esteban C. Buljevich
Editore: Springer Science & Business Media
ISBN: 0585315612
Grandezza: 62,51 MB
Formato: PDF
Vista: 7255
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Since the 1970s, the practice of financing major private and public sector capital-intensive projects has shifted to an ever-greater reliance on private funding sources, as opposed to direct financing through the issuance of corporate or government bonds. In the 1990s, these financing practices have undergone further changes with the increasing globalization of capital markets, the growth of derivative instruments, and the rapid increase in information technology that enhances cash-management practices. Today's project financing market is increasingly using sophisticated capital market, bank and agency financing mechanisms as well as using derivative instruments for asset and liability management. Thus, financial market innovations are bringing the once separate fields of project financing and international finance more closely together. This is the first book to treat both topics as an interrelated whole, for contemporary project financing cannot be fully understood without a good working knowledge of the international financial markets that have developed the various financing techniques and funding sources being used. The book provides an in-depth description of cross-border project financing as a technique for financing capital-intensive projects, as well as an overview of certain financing and derivative instruments currently available in the global financial markets. The first part of the book provides an overview of certain funding and derivative instruments currently used in the international financial markets, including a general overview of financial innovations that have occurred in recent decades. Topics covered include an introduction to the syndicated Euro-credit market; an overview of various marketable debt securities actively used in the international financial markets; an introduction to depositary receipt as an innovative way of raising cross-border equity capital; an elaboration of the derivative instruments most commonly used in the project financing arena, including interest rate, currency and commodity swaps; and finally an overview of banks' off-balance sheet activities as a critical driving force for the participation of banks in the international financial and derivative markets. The second part of the book provides an in-depth analysis of project financing that concentrates on the financier's perspective. Topics covered include a general overview of the project financing industry; a step-by-step description of a typical cross-border project finance transaction; a description of the main characteristics and advantages of project financing as opposed to more traditional corporate lending practices; an overview of appraisal techniques for assessing project financing; a comprehensive analysis of the different risk management techniques used in project financing for reducing, distributing and hedging risks; and a brief overview of certain limited-resource financing schemes. The book includes a special focus on the various stages of the risk management process for project financing, elaborating on the different stages of risk identification, risk assessment, risk reduction, risk distribution and hedging and insurance. The authors also provide a comprehensive glossary of terms relating to international finance and project financing. This book will fulfill the need for an essential text on project financing as well as a professional reference guide.

International Project Financing

Autore: Ronald F. Sullivan
Editore:
ISBN: 9780820519517
Grandezza: 18,46 MB
Formato: PDF, Docs
Vista: 6102
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Project Finance

Autore: Graham D. Vinter
Editore: Sweet & Maxwell
ISBN: 9780421909502
Grandezza: 15,84 MB
Formato: PDF
Vista: 9806
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Published in association with the Intellectual Property Institute, this title provides a focal point for discussion of policy issues in intellectual property law and their effects on industry. It provides emphasis on interdisciplinary issues of policy, drawing together legal, economic, industrial, technical, managerial and statistical viewpoints

International Project Analysis And Financing

Autore: Gerald Pollio
Editore: Macmillan International Higher Education
ISBN: 134927478X
Grandezza: 58,85 MB
Formato: PDF
Vista: 6179
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This text is about international project analysis and financing. Project analysis is concerned with identifying and assessing the value enhancing potential of individual investment opportunities. Project financing in its broadest sense encompasses all sources of funds used to finance project investments. Thus, these two aspects are inseparably interconnected. The text focuses upon key areas such as capital budgeting and risk management and includes case study material. It will be relevant to professionals and students with an interest in project analysis and financing.

International Project Finance

Autore: John Dewar
Editore: Oxford University Press, USA
ISBN: 9780198844204
Grandezza: 54,71 MB
Formato: PDF, Docs
Vista: 1011
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Companion website: www.oup.com/dewar Now in its third edition. International Project Finance is the definitive guide to legal and practical issues relating to international projects. The book considers the application of English and New York law in cross-border documentation and legal and practical matters associated with running financing projects in civil law jurisdictions. Different sources of funding are also examined, such as banking and international bond documentation, and Islamic financing practice, in particular the use of Murabaha financing techniques and Sukuk (Islamic bond) market. This includes the legal and documentation issues arising from the use of such financing techniques and how they interact with each other from a legal and contractual perspective. Equally significant, the book provides analysis of project defaults and work-outs giving guidance on how to manage projects when these circumstances arise. The book also contains extensive coverage of dispute resolution in international projects. New to this edition is a chapter on development finance institutions covering the work of bodies such as the World Bank and the African Development Bank. This chapter explains the key roles played by these institutions in international project finance, especially in emerging markets. It covers the key policy issues and the impact of such policies on project finance documentation. As well as addressing the basic principles which affect the structuring and documentation of project financings, the book also explains structural, legal and contractual differences between the various sectors such as transportation, infrastructure/Public Private Partnerships, conventional, renewable and nuclear power, mining, and oil and gas. Telcommunications, including broadband, are covered in more detail in a separate section for this edition. This book provides the context of international project finance which underpins the understanding of legal analysis in this area. It includes detailed guidance on practical issues such as the identification and assessment of project risk, together with relevant documentation such as risk matrices and checklists covering both key project contracts and the major terms of a project financing. With its focus on international projects and emphasis on the practical application of the law, this book is an essential reference work for all practitioners in the field. International Project Finance 3e Digital Pack includes a copy of the hardback and a digital version available on PC, Mac, Android devices, iPad or iPhone for quick and easy access wherever you are.

Project Finance For The International Petroleum Industry

Autore: Robert Clews
Editore: Academic Press
ISBN: 0128005297
Grandezza: 12,64 MB
Formato: PDF, ePub, Mobi
Vista: 9428
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This overview of project finance for the oil and gas industry covers financial markets, sources and providers of finance, financial structures, and capital raising processes. About US$300 billion of project finance debt is raised annually across several capital intensive sectors—including oil and gas, energy, infrastructure, and mining—and the oil and gas industry represents around 30% of the global project finance market. With over 25 year’s project finance experience in international banking and industry, author Robert Clews explores project finance techniques and their effectiveness in the petroleum industry. He highlights the petroleum industry players, risks, economics, and commercial/legal arrangements. With petroleum industry projects representing amongst the largest industrial activities in the world, this book ties together concepts and tools through real examples and aims to ensure that project finance will continue to play a central role in bringing together investors and lenders to finance these ventures. Combines the theory and practice of raising long-term funding for capital intensive projects with insights about the appeal of project finance to the international oil and gas industry Includes case studies and examples covering projects in the Arctic, East Africa, Latin America, North America, and Australia Emphasizes the full downstream value chain of the industry instead of limiting itself to upstream and pipeline project financing Highlights petroleum industry players, risks, economics, and commercial and legal arrangements

Global Project Finance Human Rights And Sustainable Development

Autore: Sheldon Leader
Editore: Cambridge University Press
ISBN: 1139504258
Grandezza: 14,57 MB
Formato: PDF, ePub, Mobi
Vista: 9520
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Many infrastructure projects around the world are funded through the project finance method, which combines private financing with public sector backing from multilateral finance institutions such as the World Bank. This examination of the theoretical and practical implications of such funding begins with a discussion of the relationship between the financial structuring of these projects and finance, policy and legal disciplines, especially in the form of investment law, human rights and environmental law. A number of case studies are then examined to provide practical insights into the application (or otherwise) of human rights and sustainable development objectives within such projects. While these theoretical perspectives do not conclude that the project finance method detracts from the application or implementation of human rights and sustainable development objectives, they do highlight the potential for the prioritisation of investment returns at the expense of human rights and environmental protection standards.

Exam Prep For International Project Finance In A Nutshell

Autore:
Editore:
ISBN:
Grandezza: 68,11 MB
Formato: PDF
Vista: 1100
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Project Finance For Business Development

Autore: John E. Triantis
Editore: John Wiley & Sons
ISBN: 1119486084
Grandezza: 32,12 MB
Formato: PDF, ePub, Mobi
Vista: 9507
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Raise the skill and competency level of project finance organizations Project Finance for Business Development helps readers understand how to develop a competitive advantage through project finance. Most importantly, it shows how different elements of project finance, such as opportunity screening and evaluation, project development, risk management, and due diligence come together to structure viable and financeable projects—which are crucial pieces missing from the current literature. Eliminating misconceptions about what is really important for successful project financings, this book shows you how to develop, structure, and implement projects successfully by creating competitive advantage. By shedding light on project finance failures, it also helps you avoid failures of your own. • Offers a roadmap for successful financing, participant roles and responsibilities, and assessing and testing project viability • Considers project finance from a broad business development and competitive advantage • Provides a strategic decision-forecasting perspective • Delves deeper than existing treatments of project finance into decisions needed to create and implement effective financing plans Helping readers develop, structure, and implement projects successfully by creating competitive advantage, this book is a useful tool for project sponsors and developers, helping them structure and implement projects by creating competitive advantage.

Project Financing

Autore: John D. Finnerty
Editore: John Wiley & Sons
ISBN: 1118417593
Grandezza: 73,99 MB
Formato: PDF, ePub, Mobi
Vista: 8026
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A timely update to one of the most well-received books on project financing As an effective alternative to conventional direct financing, project financing has become one of the hottest topics in corporate finance. It's being used more and more frequently—and more successfully—on a wide variety of high-profile corporate projects, and has long been used to fund large-scale natural resource projects. But the challenges of successful project financing are immense, and the requirements of the process can easily be misunderstood. That's why John Finnerty has returned with the Third Edition of Project Financing. Drawing on his vast experience in the field, Finnerty takes you through the process step by step. Using updated examples and case studies that illustrate how to apply the analytical techniques described in the book, he covers the rationale for project financing, how to prepare the financial plan, assess the risks, design the financing mix, raise the funds, and much more. Includes completely new chapters that cover the financing of sustainable projects as well as Sharia-compliant (Islamic) project financing New material has been added to the discussion of financial modeling and international debt financing Explores today's most innovative financing techniques and analyzes the shortcomings of unsuccessful project financing attempts Whether you're a corporate finance professional, project planner, or private investor, Project Financing, Third Edition demystifies the complexities of project financing and provides an invaluable guide for anyone who wants to master innovation in corporate finance today.

Rethinking Project Finance

Autore: Nora L. Scheinkestel
Editore:
ISBN: 9789623600293
Grandezza: 66,16 MB
Formato: PDF, ePub
Vista: 8676
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Project Finance Securitisations Subordinated Debt

Autore: Philip R. Wood
Editore: Sweet & Maxwell
ISBN: 1847032117
Grandezza: 61,65 MB
Formato: PDF, Mobi
Vista: 4085
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This up-to-date treatment of an area of increasing importance provides an in-depth and clear analysis of the complexities of the subject

Public Private Partnerships

Autore:
Editore: Euromoney Publications
ISBN: 9781843742753
Grandezza: 69,94 MB
Formato: PDF, ePub
Vista: 2230
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Introduction - Denton Wilde Sapte's Project Finance: The Guide to Financing Build Operate Transfer Projects is the successful practical guide to the financing of worldwide infrastructure projects using build-operate-transfer techniques is now in its second edition! Fully updated and with the new title of Public Private Partnerships: BOT Techniques and Project Finance, this essential text has been revised to include: Equity bridge financing and Islamic financing techniques; The current PFI situation; Additional terms and conditions in PFI transactions; The effect of changes in UK tax law and regulatory changes; and Project finance cover for export credit agencies. development of PPP; The different issues surrounding the concepts of economic viability and financial viability of BOT projects; The key to managing tenders both from the public sector side and for prospective tenderers; The different contractual structures available, identifying the appropriate allocation of benefits and risks associated with a new infrastructure project; The terms to include in the all-important concession agreement; The various sources of finance available; and, Finance documentation. Recent years have seen a dramatic increase worldwide in the involvement of the private sector in the development and funding of public facilities and services, and techniques are continuously being developed to draw the public and private sectors together with a view to sharing the risks and rewards associated with such activities. partnerships (PPPs) and range from the simple contracting out of services to the involvement of the private sector in the financing, design, construction, operation, maintenance and, in some cases, ownership of major infrastructure facilities. This book is concerned with the latter, commonly referred to as BOT projects. Although BOT is often used to describe the specific build-operate-transfer technique of infrastructure development (under which the private sector finances, constructs, operates and maintains the facilities for a given period, with the public sector acquiring operational control at the end of that period), the expression is given its wider meaning in this book and is used to refer to all types of infrastructure projects which involve private sector investment and funding. There are many factors contributing to the PPP trend. funds available for the development of large-scale and capital intensive infrastructure projects, while at the same time increasingly perceiving the need for infrastructure facilities to promote economic growth in the shortest possible timescale. BOT structures also allow the public sector to transfer onto the private sector many of the risks associated with the implementation of these projects. For private sector investors and financiers, BOT projects have opened up a whole new area of opportunities for new business and relatively high returns. The sharing of risks with other parties to the project and with the public sector entity concerned enhances the appeal of BOT. One aspect of many BOT projects which is attractive to investors and financiers is that they incorporate sovereign credit risk, and this renders them more suitable for financing in the bond markets. For a BOT project to succeed, it must be sufficiently attractive to both the public and private sectors. If the risks are felt to be too great, or to outweigh the potential benefits and returns, the project will not proceed. flexible in terms of the types of project in which they will participate and will now consider financing a project the revenue stream of which is market-based, rather than assured under a long-term contract with a creditworthy purchaser. Over recent years, much has been learned by both the public and the private sectors as to the types and extent of project risk which the other will bear and this knowledge is being used to accelerate the implementation of BOT projects in general. Additionally, repayment periods have lengthened considerably for BOT projects in developed markets, in turn making them more attractive for project developers. The development of secondary markets for debt and equity in these markets has increased liquidity and enabled lenders to recirculate their investments. The spread of guarantees of project bonds being given by monoline insurers with strong credit rating has attracted new sources of funding. Many countries with developed economies have made substantial use of BOT techniques. in 1992, BOT projects with a value of GBP 48.3 billion had been signed by March 2006, of which about one half represented transport projects. In the emerging markets, however, the implementation of BOT projects has progressed more slowly than expected. This has largely been as a result of the perceived political risks associated with such projects and the difficulties and delays which have been experienced in relation to many of them. As governments of emerging markets countries become more accustomed to the requirements of foreign investors and financiers recognise that the BOT approach is increasingly the way in which the international markets expect infrastructure to be developed and operated, the implementation of BOT projects will become easier and quicker, thereby encouraging further projects. This work covers the basis of BOT techniques and their potential advantages and disadvantages for the participants in these projects. projects of this type and also covers in some detail project viability and public/private sector risk allocation issues, procurement procedures, concession agreements and the sources of financing available for these projects. In a book of this type, it is possible only to give a general overview of BOT structures and the issues involved. It should be borne in mind that every project is unique and the statements contained in this publication will not be equally applicable to all BOT projects. There is no substitute for taking appropriate advice on each individual project.

Project Finance Bot Projects And Risk

Autore: Jeffrey Delmon
Editore:
ISBN: 9789041123657
Grandezza: 40,50 MB
Formato: PDF, ePub
Vista: 6308
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Project and other structured finance models have become a method of choice for financing infrastructure projects in many different sectors across the globe. They allow greater flexibility for governments and project sponsors wishing to develop infrastructure without the concomitant burden on their balance sheets and their ability to fund other needs and priorities. However, the fall of Enron, WorldCom and so many other organisations who pushed the structured finance model one step too far has raised alarm bells. Has project and structured finance seen the end of its useful life? Are the risks surrounding such projects so extreme as to bring into question their usefulness? The viability of structured infrastructure projects relies on a comprehensive, yet sensible assessment of risk and allocation of that risk in an efficient manner. Yet our understanding of efficient risk allocation often runs contrary to the actual risk allocation models that we apply to such projects. Risk analysis for complex projects requires a level of sophistication and objectivity of which few individuals are capable. Jeff Delmon's book addresses the many issues around risk and structured infrastructure projects. It is not a dry legal treatise, but an eminently readable and practical explanation of efficient risk allocation and the contractual framework which forms the bedrock of BOT and other project finance transactions. Based on Jeff's practical experience in the sector, this book provides practical guidance and insight into many of the pitfalls often encountered in such projects. This book is ideal for those relatively new to the issues surrounding project finance and risk as well as those with significant experience as an aide-memoire and a challenge to the approaches to risk allocation that are so often applied to such transactions.

Contract Risk And Credit Spread Determinant In The International Project Bond Market

Autore:
Editore: World Bank Publications
ISBN:
Grandezza: 22,97 MB
Formato: PDF, Kindle
Vista: 938
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Privatising Development

Autore: Michael Likosky
Editore: Martinus Nijhoff Publishers
ISBN: 9004143319
Grandezza: 52,95 MB
Formato: PDF
Vista: 9165
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This book looks at the shift since the 1980s away from state-financed and towards privatised international infrastructure projects. An interdisciplinary group of contributors look at the relationship between privatisation and human rights in diverse national settings and in multiple sectors of the economy. These issues are explored through international organisation frameworks and internal policies, legislative guides, contracts, and public-private partnerships. The roles of the World Bank, MIGA, export credit agencies, the UN Commission on International Trade Law, credit ratings agencies, international banks, TNCs, NGOs, community groups and state agencies are examined.