The in's and out's of Project Finance
OBJECTIF DE LA FORMATION:
Identify the main financing techniques and structures (BOT, off-shore, PPP etc…) used to finance a project Assess the main risks involved in structuring a project finance. Grasp how banks and rating agencies analyze these risks on your industry, the countries of your clients or corporate risks. Assess the debt capacity of a project Identify the main sources of finance and the key market players, including Export Credit Agencies and Multilateral Agencies. Understand the latest issues and trends in the Project Finance industry, such as PPP’s. Maximize practical learning with real – life case studies and exchange with other members of the group on your practice in the industry.
PUBLIC ATTENDU :
Bankers involved directly or indirectly in the Project Finance business; Executives from industrial companies active either in commercial, legal or engineering positions where a knowledge of Project Finance fundamentals is required. Officials from governmental agencies, involved in Public Private Partnerships (PPP’s).
APPROCHE PEDAGOGIQUE :
Process based on an active contribution of the participants, with real-life cases allowing exchanges between participants and experts. A support booklet is handed out during the training.
PREREQUIS:
This seminar will be conducted in English. Participants simply need a working knowledge of English in their own industry. By the end of Day 2, it becomes already a habit!
PROFIL DE L'INTERVENANT:
She has a twenty – year experience in International Banking, specifically in Structured Finance applied to export transactions as well as large project (Real estate) financing. She has worked for BNP Paribas (Paris & Amsterdam) in Commercial corporate lending, Rabobank International as Area Manager structuring international trade finance deals on Central and Eastern Europe and lately at Bouwfonds Property Finance and ING Real Estate as Senior Loan adviser, structuring and advising on the risk management of large (USD 50 to 500M) commercial Real Estate projects. Currently freelance consultant in Finance for banks and exporting companies.
Programme de la formation "The in's and out's of Project Finance" :
Day 1
Morning session
• Introduction. Project Finance: what it is and what is not. Comparing it with asset finance and corporate finance
• “Hands on” session with a case study: the Halliburton – Sonangol crude oil financing (USA / Angola). Learn how to circumvent political risk and mitigate commercial risks through optimal deal structuring? And put in perspective Export and Project Finance.
• Main market players in the Project Finance business: industrial sponsors, commercial contractors (assets manufacturer, O&M, suppliers etc..), off taker, host countries, ECA’s, Multilaterals (MLA’s), banks (lenders, arrangers, underwriters), rating agencies.
Afternoon session
• Main financing structures: From B.O.T. to Design, Build & Operate (D.B.O.)
• Case study : An example of infrastructure finance with Multilateral co - financing.
Day 2
Morning session
• Introduction to the lending process and risk analysis. Risk appraisal from a banker’s perspective.
• Going through the main practicalities of a project financial model and assessing the debt capacity of a project using a real – life project deal
Afternoon session
• Presentation of Coface main terms and requirements when supporting a project finance.
• Review of recent developments in the Project Finance industry: Public Private Partnerships and PFI.
• Case study: a PPP project analyzed with the risk analysis’ matrix of a rating agency (Standard & Poors or Moody’s) to rate a project.
• Course closing and evaluation